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

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

A number of other research analysts have also recently commented on the company. Scotiabank boosted their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim reissued a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Bank of America raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. BMO Capital Markets boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. Finally, UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $71.76 on Thursday. The stock has a market cap of $21.44 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy has a 1 year low of $56.61 and a 1 year high of $76.45. The firm has a fifty day moving average price of $71.91 and a 200-day moving average price of $69.49. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Equities analysts anticipate that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC boosted its position in CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after purchasing an additional 173 shares in the last quarter. Mather Group LLC. boosted its position in CMS Energy by 5.8% during the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 220 shares in the last quarter. Signaturefd LLC grew its stake in CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 220 shares during the period. Stephens Consulting LLC increased its holdings in CMS Energy by 5.5% in the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock worth $288,000 after acquiring an additional 225 shares in the last quarter. Finally, Optiver Holding B.V. raised its position in CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 229 shares during the period. 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.