SunTrust Banks set a $44.00 target price on CMS Energy (NYSE:CMS) in a report published on Tuesday. The brokerage currently has a hold rating on the utilities provider’s stock.

CMS has been the topic of a number of other research reports. Zacks Investment Research cut CMS Energy from a hold rating to a sell rating in a research note on Friday, October 13th. Bank of America assumed coverage on CMS Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $52.00 price target on the stock. Morgan Stanley reissued an equal weight rating and issued a $52.00 price target on shares of CMS Energy in a research note on Wednesday, December 13th. Wells Fargo & Co raised CMS Energy from a market perform rating to an outperform rating in a research note on Monday, December 18th. Finally, Guggenheim reissued a hold rating and issued a $50.00 price target on shares of CMS Energy in a research note on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. CMS Energy has an average rating of Buy and an average target price of $49.05.

Shares of CMS Energy (NYSE CMS) traded down $0.45 on Tuesday, reaching $44.10. The company had a trading volume of 2,887,500 shares, compared to its average volume of 2,423,100. The stock has a market cap of $12,470.00, a PE ratio of 22.85, a P/E/G ratio of 2.96 and a beta of 0.19. CMS Energy has a 1 year low of $41.58 and a 1 year high of $50.85. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.60 billion. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. CMS Energy’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. equities analysts anticipate that CMS Energy will post 2.17 EPS for the current year.

In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the transaction, the insider now owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CMS. Capital International Investors grew its stake in shares of CMS Energy by 68.9% in the 3rd quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after buying an additional 4,018,068 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of CMS Energy by 3,063.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock valued at $60,263,000 after buying an additional 1,261,775 shares in the last quarter. Brookfield Asset Management Inc. grew its stake in shares of CMS Energy by 25,046.4% in the 2nd quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock valued at $41,392,000 after buying an additional 891,400 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CMS Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock valued at $1,354,091,000 after buying an additional 764,989 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of CMS Energy by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock valued at $995,424,000 after buying an additional 694,563 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

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CMS Energy Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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