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

StockNews.com upgraded shares of CMS Energy (NYSE:CMS) from a sell rating to a hold rating in a research note released on Friday.

A number of other equities analysts also recently weighed in on the stock. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Morgan Stanley cut their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank boosted their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets reduced their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

CMS Energy Stock Performance

NYSE CMS opened at $65.75 on Friday. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.46 and a beta of 0.42. 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 company has a 50 day moving average of $67.38 and a 200-day moving average of $67.38.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company 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 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,686 shares of company stock valued at $2,228,084. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

A number of large investors have recently bought and sold shares of CMS. First Horizon Advisors Inc. lifted its position in shares of 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 purchasing an additional 275 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of 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 acquiring an additional 235 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of CMS Energy in the third quarter valued at about $40,000. Covestor Ltd raised its holdings in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new position in CMS Energy during the third quarter valued at approximately $56,000. 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.