CMS Energy (NYSE:CMS) had its target price hoisted by KeyCorp from $46.00 to $47.00 in a report released on Wednesday. The firm presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective would suggest a potential upside of 1.89% from the company’s current price.

A number of other equities research analysts also recently commented on CMS. Zacks Investment Research downgraded CMS Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks set a $46.00 target price on shares of CMS Energy and gave the company a “hold” rating in a research note on Monday, March 19th. TheStreet downgraded shares of CMS Energy from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. Morgan Stanley boosted their target price on shares of CMS Energy from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, April 16th. Finally, Wells Fargo & Co cut their target price on shares of CMS Energy from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $48.25.

Shares of NYSE:CMS opened at $46.13 on Wednesday. CMS Energy has a one year low of $40.48 and a one year high of $50.85. The firm has a market cap of $12.95 billion, a PE ratio of 21.26, a P/E/G ratio of 3.09 and a beta of 0.06. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.71.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 26th. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. CMS Energy had a return on equity of 14.33% and a net margin of 7.48%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. equities research analysts expect that CMS Energy will post 2.33 EPS for the current year.

In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $46.62, for a total value of $46,620.00. Following the transaction, the insider now directly owns 31,753 shares of the company’s stock, valued at $1,480,324.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Glenn P. Barba sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $46.85, for a total transaction of $468,500.00. Following the completion of the transaction, the vice president now directly owns 32,161 shares in the company, valued at $1,506,742.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,611 shares of company stock worth $817,617. Company insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation acquired a new position in shares of CMS Energy in the first quarter worth $119,000. Tower Research Capital LLC TRC increased its stake in shares of CMS Energy by 271.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 1,998 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of CMS Energy in the first quarter worth $139,000. Dupont Capital Management Corp acquired a new position in shares of CMS Energy in the first quarter worth $144,000. Finally, IFP Advisors Inc increased its stake in shares of CMS Energy by 49.7% in the first quarter. IFP Advisors Inc now owns 4,217 shares of the utilities provider’s stock worth $191,000 after acquiring an additional 1,400 shares during the last quarter. 88.23% of the stock is currently owned by institutional investors and hedge funds.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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