CMS Energy (NYSE:CMS) had its target price dropped by investment analysts at Barclays from $67.00 to $51.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target would suggest a potential downside of 10.65% from the company’s previous close.

Several other equities research analysts also recently issued reports on CMS. Vertical Research initiated coverage on shares of CMS Energy in a research note on Monday, February 24th. They issued a “buy” rating and a $76.00 price objective on the stock. Citigroup lowered their price objective on shares of CMS Energy from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Co restated a “buy” rating on shares of CMS Energy in a research note on Monday, December 9th. Morgan Stanley lowered their price objective on shares of CMS Energy from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, Credit Suisse Group downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.62.

Shares of CMS Energy stock traded up $3.76 during midday trading on Thursday, hitting $57.08. The company had a trading volume of 131,759 shares, compared to its average volume of 4,046,449. The business’s 50 day simple moving average is $64.03 and its two-hundred day simple moving average is $63.32. The stock has a market cap of $14.62 billion, a PE ratio of 23.89, a P/E/G ratio of 2.72 and a beta of 0.28. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.86 and a quick ratio of 0.64. CMS Energy has a 1-year low of $46.03 and a 1-year high of $69.17.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.93 billion. CMS Energy had a return on equity of 14.28% and a net margin of 9.93%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. On average, sell-side analysts expect that CMS Energy will post 2.67 EPS for the current fiscal year.

In related news, Director John G. Russell sold 5,600 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.46, for a total value of $349,776.00. Following the completion of the transaction, the director now directly owns 195,711 shares of the company’s stock, valued at $12,224,109.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of CMS Energy during the first quarter valued at $137,000. Executive Wealth Management LLC lifted its holdings in shares of CMS Energy by 13.6% during the 3rd quarter. Executive Wealth Management LLC now owns 2,958 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 353 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of CMS Energy by 3.9% during the 3rd quarter. Voya Investment Management LLC now owns 300,047 shares of the utilities provider’s stock valued at $19,188,000 after purchasing an additional 11,381 shares in the last quarter. State Street Corp lifted its stake in CMS Energy by 1.1% in the 3rd quarter. State Street Corp now owns 14,734,512 shares of the utilities provider’s stock valued at $942,272,000 after acquiring an additional 164,375 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its stake in CMS Energy by 8.0% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 8,277 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 615 shares in the last quarter. 92.78% of the stock is owned by hedge funds and other institutional investors.

About CMS Energy

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

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Analyst Recommendations for CMS Energy (NYSE:CMS)

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