CMS Energy (NYSE:CMS) Raised to “Hold” at StockNews.com

CMS Energy (NYSE:CMS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages have also recently issued reports on CMS. Evercore ISI upgraded CMS Energy to a “hold” rating in a research note on Friday, July 26th. Scotiabank lifted their price objective on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. KeyCorp lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Barclays lifted their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.29.

CMS Energy Stock Performance

NYSE CMS opened at $67.69 on Tuesday. The company has a market cap of $20.23 billion, a P/E ratio of 19.26, a P/E/G ratio of 2.71 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a 50-day moving average of $69.82 and a two-hundred day moving average of $65.12. CMS Energy has a 1-year low of $55.10 and a 1-year high of $72.40.

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

Institutional Investors Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMS. Massachusetts Financial Services Co. MA increased its holdings in shares of CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of CMS Energy by 14.0% in the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after purchasing an additional 2,786,071 shares during the period. Raymond James & Associates increased its holdings in shares of CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after purchasing an additional 851,364 shares during the period. iA Global Asset Management Inc. increased its holdings in shares of CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares during the period. Finally, Railway Pension Investments Ltd acquired a new position in CMS Energy during the second quarter worth $47,082,000. Hedge funds and other 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.