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

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

A number of other brokerages have also commented on CMS. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and cut their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. 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 research note on Friday, November 1st. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Stock Down 0.2 %

CMS opened at $65.75 on Friday. 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 business has a 50 day moving average of $67.33 and a 200-day moving average of $67.43. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.46 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction on 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 approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Richardson Financial Services Inc. boosted its holdings in CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after buying an additional 235 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy during the third quarter valued at approximately $40,000. Covestor Ltd increased its stake in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in CMS Energy in the third quarter worth $56,000. 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.