CMS Energy (NYSE:CMS) Rating Increased 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 report report published on Wednesday morning.

Several other research analysts have also issued reports on the company. Scotiabank upped their target price on 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 objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays boosted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley decreased their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.00.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $67.08 on Wednesday. The company has a market capitalization of $20.04 billion, a PE ratio of 19.17, a P/E/G ratio of 2.39 and a beta of 0.42. The company has a 50-day simple moving average of $66.91 and a two-hundred day simple moving average of $67.80. CMS Energy has a one year low of $55.10 and a one year high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Russell sold 28,750 shares of the 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 sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock valued at $2,228,084 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its position in shares of CMS Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock valued at $1,658,000 after buying an additional 1,631 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in CMS Energy during the second quarter worth $1,539,000. Czech National Bank grew its position in shares of CMS Energy by 6.9% in the third quarter. Czech National Bank now owns 60,854 shares of the utilities provider’s stock valued at $4,298,000 after purchasing an additional 3,947 shares during the period. GAMMA Investing LLC boosted its holdings in CMS Energy by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 10,733 shares of the utilities provider’s stock worth $758,000 after buying an additional 2,418 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of CMS Energy by 14.6% during the third quarter. Mather Group LLC. now owns 3,776 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other 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.