SunTrust Banks Reiterates $44.00 Price Target for CMS Energy (CMS)

CMS Energy (NYSE:CMS) received a $44.00 price target from analysts at SunTrust Banks in a report released on Tuesday. The brokerage currently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price would indicate a potential downside of 0.59% from the stock’s previous close.

A number of other equities research analysts have also recently commented on CMS. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Guggenheim reaffirmed a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a report on Wednesday, January 3rd. KeyCorp reaffirmed a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a report on Friday, October 20th. Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 target price on shares of CMS Energy in a report on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $49.05.

Shares of CMS Energy (NYSE:CMS) opened at $44.26 on Tuesday. CMS Energy has a 1-year low of $41.58 and a 1-year high of $50.85. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. The company has a market cap of $12,411.38, a PE ratio of 22.93, a PEG ratio of 2.93 and a beta of 0.19.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. sell-side analysts anticipate that CMS Energy will post 2.17 EPS for the current fiscal year.

In other news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s 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 in the company, valued at $1,353,011.52. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently modified their holdings of CMS. TIAA CREF Investment Management LLC grew its position in CMS Energy by 3.5% during the second quarter. TIAA CREF Investment Management LLC now owns 608,199 shares of the utilities provider’s stock worth $28,129,000 after buying an additional 20,328 shares during the period. Amalgamated Bank grew its position in CMS Energy by 61.2% during the second quarter. Amalgamated Bank now owns 31,516 shares of the utilities provider’s stock worth $1,458,000 after buying an additional 11,961 shares during the period. BlueMountain Capital Management LLC acquired a new position in CMS Energy during the second quarter worth about $217,000. BT Investment Management Ltd acquired a new position in CMS Energy during the second quarter worth about $1,009,000. Finally, Laurion Capital Management LP grew its position in CMS Energy by 1,215.6% during the second quarter. Laurion Capital Management LP now owns 59,200 shares of the utilities provider’s stock worth $2,738,000 after buying an additional 54,700 shares during the period. Institutional investors and hedge funds own 87.25% of the company’s stock.

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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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