KeyCorp Raises CMS Energy (NYSE:CMS) Price Target to $73.00

CMS Energy (NYSE:CMS) had its price target lifted by stock analysts at KeyCorp from $68.00 to $73.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target indicates a potential upside of 4.15% from the stock’s previous close.

A number of other analysts have also commented on the company. Barclays raised their price target on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 13th. Bank of America boosted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Scotiabank raised their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Guggenheim upped their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company raised their target price on CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $67.75.

CMS Energy Trading Up 1.1 %

Shares of CMS opened at $70.09 on Monday. The stock has a market capitalization of $20.93 billion, a P/E ratio of 21.37, a PEG ratio of 2.75 and a beta of 0.40. CMS Energy has a twelve month low of $49.87 and a twelve month high of $70.12. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The firm has a fifty day simple moving average of $65.22 and a two-hundred day simple moving average of $61.90.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. CMS Energy’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. On average, research analysts anticipate that CMS Energy will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Scarborough Advisors LLC bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $29,000. Voisard Asset Management Group Inc. purchased a new position in shares of CMS Energy in the fourth quarter worth $36,000. TruNorth Capital Management LLC lifted its holdings in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of CMS Energy during the first quarter valued at $43,000. Finally, Innealta Capital LLC purchased a new stake in shares of CMS Energy during the second quarter valued at $43,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.