Today Citigroup Maintains a “Neutral” Rating on CMS Energy (NYSE:CMS) and a $51 Target Price

October 2, 2018 - By Ruchi Gupta

CMS Energy Corporation (NYSE:CMS) Logo

Investors sentiment increased to 1.13 in Q2 2018. Its up 0.04, from 1.09 in 2018Q1. It is positive, as 22 investors sold CMS Energy Corporation shares while 140 reduced holdings. 52 funds opened positions while 131 raised stakes. 239.04 million shares or 1.64% more from 235.18 million shares in 2018Q1 were reported.

Chevy Chase Trust owns 241,142 shares. Segall Bryant & Hamill Ltd Liability Com has invested 0% in CMS Energy Corporation (NYSE:CMS). Ferguson Wellman Capital Mngmt Inc accumulated 0.09% or 51,509 shares. Asset Management One Communications has invested 0.05% in CMS Energy Corporation (NYSE:CMS). Us Natl Bank De has invested 0.04% in CMS Energy Corporation (NYSE:CMS). Piedmont Advisors Ltd Co holds 0.01% of its portfolio in CMS Energy Corporation (NYSE:CMS) for 3,309 shares. 137 are held by Toth Finance Advisory. 1.09M are owned by Schwab Charles. Employees Retirement System Of Texas reported 0.01% in CMS Energy Corporation (NYSE:CMS). Janney Montgomery Scott Ltd Com holds 0.02% of its portfolio in CMS Energy Corporation (NYSE:CMS) for 43,232 shares. Cibc Asset Mngmt stated it has 0.01% of its portfolio in CMS Energy Corporation (NYSE:CMS). Capital Intll Invsts reported 0.35% in CMS Energy Corporation (NYSE:CMS). Liberty Mutual Asset Mgmt owns 0.01% invested in CMS Energy Corporation (NYSE:CMS) for 12,064 shares. Axa holds 0.03% of its portfolio in CMS Energy Corporation (NYSE:CMS) for 146,698 shares. Assetmark accumulated 0% or 134 shares.

CMS Energy (NYSE:CMS) Rating Reaffirmed

Citigroup now has a $51 target price on shares of CMS Energy (NYSE:CMS). The target price indicates a potential upside of 4.40 % from the close price of CMS Energy (NYSE:CMS). This rating was disclosed to clients in analysts note on Tuesday morning.

CMS Energy Corporation (NYSE:CMS) Ratings Coverage

Among 7 analysts covering CMS Energy (NYSE:CMS), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. CMS Energy has $55 highest and $45 lowest target. $50.80’s average target is 3.99% above currents $48.85 stock price. CMS Energy had 14 analyst reports since April 13, 2018 according to SRatingsIntel. The stock of CMS Energy Corporation (NYSE:CMS) has “Overweight” rating given on Wednesday, May 30 by KeyBanc Capital Markets. The firm has “Buy” rating given on Monday, September 10 by Argus Research. Howard Weil maintained CMS Energy Corporation (NYSE:CMS) on Tuesday, July 24 with “Sector Outperform” rating. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, April 18. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, July 19. Citigroup maintained the stock with “Neutral” rating in Monday, July 9 report. As per Monday, September 17, the company rating was maintained by Wells Fargo. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, September 21. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, July 16. The company was maintained on Monday, April 16 by Morgan Stanley.

The stock decreased 0.31% or $0.15 during the last trading session, reaching $48.85. About 1.62 million shares traded. CMS Energy Corporation (NYSE:CMS) has risen 4.64% since October 2, 2017 and is uptrending. It has underperformed by 10.98% the S&P500.

Analysts await CMS Energy Corporation (NYSE:CMS) to report earnings on October, 25. They expect $0.56 EPS, down 9.68 % or $0.06 from last year’s $0.62 per share. CMS’s profit will be $158.62M for 21.81 P/E if the $0.56 EPS becomes a reality. After $0.48 actual EPS reported by CMS Energy Corporation for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.

CMS Energy Corporation operates as an energy firm primarily in Michigan. The company has market cap of $13.84 billion. It operates through three divisions: Electric Utility, Gas Utility, and Enterprises. It has a 25.04 P/E ratio. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity.

CMS Energy Corporation (NYSE:CMS) Institutional Positions Chart

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