CMS Energy (NYSE:CMS) Upgraded at StockNews.com

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

Several other analysts also recently commented on CMS. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Wells Fargo & Company boosted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley decreased their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Guggenheim downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, KeyCorp boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average target price of $71.00.

CMS Energy Trading Down 0.2 %

CMS opened at $65.75 on Friday. The company has a fifty day moving average price of $67.33 and a two-hundred day moving average price of $67.49. CMS Energy has a 1-year low of $55.10 and a 1-year high of $72.40. The company has a market cap of $19.64 billion, a P/E ratio of 18.79, a price-to-earnings-growth 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 (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Analysts predict that CMS Energy will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, November 18th. The stock was 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. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock valued at $2,228,084 over the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On CMS Energy

Several hedge funds have recently bought and sold shares of CMS. First Horizon Advisors Inc. boosted its position in shares of CMS Energy by 171.9% in the 3rd 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. boosted its stake in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Brooklyn Investment Group purchased a new stake in CMS Energy during the 3rd quarter valued at about $40,000. Covestor Ltd increased its stake in CMS Energy by 206.1% during the 3rd 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. purchased a new position in CMS Energy in the 3rd quarter worth approximately $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.