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

CMS Energy (NYSE:CMS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a report on Monday. UBS Group boosted their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. Guggenheim restated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Scotiabank upped their price objective 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. Finally, Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $75.36.

CMS Energy Stock Down 1.4 %

CMS traded down $1.06 during trading on Tuesday, hitting $72.08. 2,271,302 shares of the company’s stock traded hands, compared to its average volume of 2,140,988. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.56 and a beta of 0.35. The company’s 50 day simple moving average is $70.11 and its two-hundred day simple moving average is $69.18. CMS Energy has a 12-month low of $56.61 and a 12-month high of $75.06. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Analysts predict that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s 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 sale, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,200 shares of company stock worth $789,532. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CMS. Empowered Funds LLC grew its position in shares of CMS Energy by 11.5% during the third quarter. Empowered Funds LLC now owns 5,028 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 517 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CMS Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after buying an additional 25,196 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of CMS Energy by 43.0% during the third quarter. Raymond James Trust N.A. now owns 6,448 shares of the utilities provider’s stock valued at $455,000 after buying an additional 1,940 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of CMS Energy by 35.5% in the third quarter. Cerity Partners LLC now owns 26,566 shares of the utilities provider’s stock worth $1,876,000 after buying an additional 6,959 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

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.