Jefferies Financial Group Begins Coverage on CMS Energy (NYSE:CMS)

Investment analysts at Jefferies Financial Group assumed coverage on shares of CMS Energy (NYSE:CMS) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $76.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 12.01% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets decreased their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Morgan Stanley raised their price target on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy Price Performance

CMS stock opened at $67.85 on Tuesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy has a 1 year low of $54.27 and a 1 year high of $72.40. The firm has a market capitalization of $20.27 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.71 and a beta of 0.41. The business’s 50-day moving average is $69.86 and its two-hundred day moving average is $64.87.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CMS Energy

Large investors have recently bought and sold shares of the business. TruNorth Capital Management LLC boosted its stake in 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 buying an additional 578 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of CMS Energy during the first quarter valued at about $43,000. Innealta Capital LLC bought a new stake in CMS Energy in the 2nd quarter valued at $43,000. Covestor Ltd boosted its stake in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of CMS Energy during the third quarter worth $56,000. Institutional investors own 93.57% of the company’s stock.

About CMS Energy

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.