CMS Energy (NYSE:CMS) Upgraded by StockNews.com to Hold Rating

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

Several other research analysts have also recently weighed in on CMS. Guggenheim cut shares of CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Barclays upped their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley lowered their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Jefferies Financial Group started coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Stock Performance

CMS Energy stock opened at $65.85 on Friday. The firm’s 50 day simple moving average is $67.41 and its 200 day simple moving average is $67.39. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy has a 1-year low of $55.10 and a 1-year high of $72.40. The firm has a market capitalization of $19.68 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) 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 analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. As a group, analysts expect that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock worth $2,228,084 in the last 90 days. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its position in CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the 3rd quarter valued at about $40,000. Covestor Ltd raised its holdings in shares of 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 purchasing an additional 472 shares in the last quarter. Values First Advisors Inc. bought a new position in shares of CMS Energy during the third quarter valued at approximately $56,000. Finally, Voisard Asset Management Group Inc. increased its holdings in CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares during the period. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Company Profile

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.