CMS Energy (NYSE:CMS) Upgraded by StockNews.com to Hold Rating

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

Other equities research analysts also recently issued research reports about the company. Scotiabank boosted their price target 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. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Guggenheim lowered CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets decreased their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.00.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $65.75 on Friday. The company has a market cap of $19.64 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.46 and a beta of 0.42. The business has a fifty day simple moving average of $67.38 and a 200-day simple moving average of $67.38. CMS Energy has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

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

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 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 in the last quarter. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

A number of hedge funds have recently made changes to their positions in CMS. Mackenzie Financial Corp grew its holdings in shares of CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after purchasing an additional 157 shares in the last quarter. Voisard Asset Management Group Inc. boosted its stake in CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings 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 valued at $297,000 after buying an additional 173 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

About CMS Energy

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.