CMS Energy (NYSE:CMS) received a $44.00 target price from equities researchers at SunTrust Banks in a research report issued to clients and investors on Monday. The brokerage presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 2.21% from the stock’s current price.

A number of other equities analysts have also commented on CMS. UBS Group assumed coverage on CMS Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $49.00 price target for the company. Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $51.00 price target on shares of CMS Energy in a research note on Friday, October 20th. Guggenheim reissued a “hold” rating and set a $50.00 price target on shares of CMS Energy in a research note on Wednesday, January 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a research note on Wednesday, December 13th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $48.41.

CMS Energy (CMS) opened at $43.05 on Monday. CMS Energy has a one year low of $40.48 and a one year high of $50.85. The company has a market capitalization of $12,067.32, a P/E ratio of 22.31, a P/E/G ratio of 2.87 and a beta of 0.09. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of CMS. Capital International Investors raised its position in CMS Energy by 68.9% during the third quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after purchasing an additional 4,018,068 shares during the period. BlackRock Inc. raised its holdings in shares of CMS Energy by 8.6% in the fourth quarter. BlackRock Inc. now owns 27,534,036 shares of the utilities provider’s stock worth $1,302,359,000 after buying an additional 2,182,812 shares during the period. Renaissance Technologies LLC raised its holdings in shares of CMS Energy by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock worth $152,992,000 after buying an additional 1,329,800 shares during the period. Brookfield Asset Management Inc. raised its holdings in shares of CMS Energy by 25,046.4% in the second quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock worth $41,392,000 after buying an additional 891,400 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of CMS Energy by 83.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,639,852 shares of the utilities provider’s stock worth $77,565,000 after buying an additional 744,878 shares during the period. Institutional investors and hedge funds own 87.33% 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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