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

CMS Energy (NYSE:CMS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Several other equities analysts also recently commented on CMS. BMO Capital Markets decreased their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. KeyCorp increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Wells Fargo & Company lifted their price target 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. Scotiabank increased their price target on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Mizuho lowered 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $70.36.

CMS Energy Stock Performance

CMS Energy stock traded up $1.00 during trading hours on Wednesday, hitting $66.56. The company had a trading volume of 2,119,689 shares, compared to its average volume of 1,675,677. The firm has a 50-day moving average of $67.41 and a 200 day moving average of $67.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market cap of $19.89 billion, a PE ratio of 19.02, a PEG ratio of 2.66 and a beta of 0.42. CMS Energy has a one year low of $55.10 and a one year high of $72.40.

CMS Energy (NYSE:CMS) last announced 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%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. On average, sell-side analysts expect that CMS Energy will post 3.33 earnings per share for the current year.

Insider Activity at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of CMS Energy 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 of the company’s stock, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On CMS Energy

Several hedge funds have recently added to or reduced their stakes in CMS. Mackenzie Financial Corp lifted its holdings in shares of CMS Energy by 0.6% during the second 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 during the period. Voisard Asset Management Group Inc. raised its position in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after buying an additional 173 shares during the period. OneDigital Investment Advisors LLC grew its position 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 during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its stake in shares of CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.