CMS Energy (NYSE:CMS)‘s stock had its “buy” rating reaffirmed by research analysts at KeyCorp in a research report issued on Friday. They currently have a $51.50 price target on the utilities provider’s stock. KeyCorp’s target price indicates a potential upside of 4.57% from the stock’s current price.

A number of other equities research analysts also recently issued reports on CMS. BidaskClub upgraded CMS Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Guggenheim initiated coverage on CMS Energy in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target for the company. Morgan Stanley boosted their price target on CMS Energy from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Royal Bank of Canada restated a “hold” rating and set a $46.00 price target on shares of CMS Energy in a research note on Monday, September 11th. Finally, SunTrust Banks restated a “hold” rating and set a $47.00 price target on shares of CMS Energy in a research note on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CMS Energy has an average rating of “Buy” and a consensus price target of $49.15.

Shares of CMS Energy (CMS) opened at $49.25 on Friday. The stock has a market capitalization of $13,889.14, a PE ratio of 25.26, a price-to-earnings-growth ratio of 3.51 and a beta of 0.19. CMS Energy has a 52 week low of $40.39 and a 52 week high of $50.85. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94.

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

In other news, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total value of $48,020.00. Following the transaction, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Clarius Group LLC lifted its holdings in CMS Energy by 0.6% in the 2nd quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 34 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in CMS Energy by 1.3% in the 2nd quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 66 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in CMS Energy by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 73 shares in the last quarter. Chemical Bank lifted its holdings in CMS Energy by 1.0% in the 2nd quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock worth $391,000 after purchasing an additional 85 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its holdings in CMS Energy by 0.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 25,141 shares of the utilities provider’s stock worth $1,163,000 after purchasing an additional 88 shares in the last quarter. 87.42% of the stock is currently owned by hedge funds and other institutional investors.

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About CMS Energy

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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