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

CMS Energy (NYSE:CMS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other brokerages have also issued reports on CMS. BMO Capital Markets dropped their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Scotiabank raised their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley lowered their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Stock Performance

NYSE CMS opened at $67.99 on Wednesday. The firm’s fifty day moving average price is $67.38 and its two-hundred day moving average price is $67.08. The stock has a market cap of $20.31 billion, a PE ratio of 19.43, a PEG ratio of 2.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy has a fifty-two week low of $55.10 and a fifty-two week high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion for 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%. CMS Energy’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, equities analysts expect that CMS Energy will post 3.33 EPS for the current fiscal year.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. 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 quarter. Company insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently modified their holdings of CMS. Federated Hermes Inc. grew its position in CMS Energy by 201.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,234 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 2,162 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of CMS Energy by 14.1% during the second quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider’s stock valued at $52,677,000 after buying an additional 109,424 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after acquiring an additional 233,633 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of CMS Energy by 155.2% in the 2nd quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider’s stock worth $45,665,000 after acquiring an additional 466,500 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in CMS Energy in the 2nd quarter valued at about $5,173,000. Institutional investors own 93.57% of the company’s stock.

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.