CMS Energy (NYSE:CMS) Upgraded to “Hold” at StockNews.com

CMS Energy (NYSE:CMS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other brokerages have also commented on CMS. KeyCorp increased their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. BMO Capital Markets raised their target price on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Wells Fargo & Company raised their target price on CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Morgan Stanley decreased their price target on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.00.

CMS Energy Stock Performance

CMS stock traded up $0.70 during midday trading on Monday, hitting $63.66. The company’s stock had a trading volume of 2,744,930 shares, compared to its average volume of 2,377,367. CMS Energy has a 1 year low of $49.87 and a 1 year high of $64.28. The stock’s 50-day moving average price is $60.68 and its 200 day moving average price is $59.48. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.50 and a beta of 0.38.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. CMS Energy’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. On average, equities analysts forecast that CMS Energy will post 3.33 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027 shares of company stock worth $365,651. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CMS Energy

A number of large investors have recently added to or reduced their stakes in CMS. Scarborough Advisors LLC purchased a new stake in CMS Energy in the 4th quarter valued at $29,000. Voisard Asset Management Group Inc. acquired a new position in CMS Energy during the fourth quarter worth $36,000. TruNorth Capital Management LLC boosted its position in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares during the period. Headlands Technologies LLC purchased a new stake in shares of CMS Energy in the 1st quarter valued at $43,000. Finally, Innealta Capital LLC purchased a new stake in CMS Energy during the second quarter worth about $43,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.