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

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

Several other equities research analysts have also weighed in on CMS. Mizuho lowered 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 note on Tuesday, October 15th. Barclays upped 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. Jefferies Financial Group began coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price for the company. Guggenheim downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Trading Down 0.4 %

Shares of CMS opened at $66.18 on Wednesday. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 2.39 and a beta of 0.42. The stock’s 50-day moving average price is $66.99 and its 200 day moving average price is $67.76.

Insider Transactions at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.53% of the company’s stock.

Institutional Trading of CMS Energy

A number of institutional investors have recently bought and sold shares of the company. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter worth about $29,000. Richardson Financial Services Inc. boosted its holdings in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares during the period. First Horizon Advisors Inc. raised its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of CMS Energy during the 3rd quarter valued at $40,000. Finally, Covestor Ltd raised its position in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. 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.