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

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

Several other brokerages have also recently weighed in on CMS. Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Jefferies Financial Group assumed coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Morgan Stanley increased their price target on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.29.

CMS Energy Stock Down 0.8 %

Shares of NYSE CMS traded down $0.52 during mid-day trading on Tuesday, reaching $68.08. 1,982,497 shares of the company’s stock were exchanged, compared to its average volume of 2,278,537. The business has a fifty day simple moving average of $69.83 and a 200 day simple moving average of $65.06. CMS Energy has a twelve month low of $54.99 and a twelve month high of $72.40. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.67 and a beta of 0.41. 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 (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts expect that CMS Energy will post 3.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC grew its stake in CMS Energy by 23.9% during the 1st quarter. Empowered Funds LLC now owns 4,581 shares of the utilities provider’s stock valued at $276,000 after acquiring an additional 885 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at $43,000. QRG Capital Management Inc. raised its holdings in shares of CMS Energy by 22.3% in the 1st quarter. QRG Capital Management Inc. now owns 10,132 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 1,846 shares in the last quarter. US Bancorp DE raised its holdings in shares of CMS Energy by 1.8% in the 1st quarter. US Bancorp DE now owns 242,365 shares of the utilities provider’s stock valued at $14,624,000 after purchasing an additional 4,251 shares in the last quarter. Finally, Entropy Technologies LP grew its position in shares of CMS Energy by 119.3% in the 1st quarter. Entropy Technologies LP now owns 29,054 shares of the utilities provider’s stock valued at $1,753,000 after buying an additional 15,806 shares during the last quarter. Institutional investors and hedge funds 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.