CMS Energy (NYSE:CMS) Stock Rating Upgraded by Barclays

CMS Energy (NYSE:CMS) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $75.00 price objective on the utilities provider’s stock, up from their prior price objective of $68.00. Barclays‘s price target points to a potential upside of 6.84% from the company’s previous close.

A number of other research firms have also recently issued reports on CMS. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Guggenheim reiterated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. BMO Capital Markets decreased their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.69.

CMS Energy Trading Up 1.0 %

CMS Energy stock opened at $70.20 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.50 and a beta of 0.42. CMS Energy has a one year low of $56.31 and a one year high of $72.40. The company’s fifty day moving average price is $67.07 and its two-hundred day moving average price is $68.18.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 37,450 shares of company stock worth $2,495,020. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of CMS Energy

A number of hedge funds have recently made changes to their positions in CMS. Price T Rowe Associates Inc. MD lifted its position in shares of CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after buying an additional 3,486,074 shares during the last quarter. Norges Bank acquired a new stake in CMS Energy during the 4th quarter worth approximately $171,798,000. Massachusetts Financial Services Co. MA lifted its holdings in CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock worth $649,264,000 after purchasing an additional 2,131,269 shares during the last quarter. Zimmer Partners LP acquired a new stake in CMS Energy during the 4th quarter worth approximately $89,173,000. Finally, Fisher Funds Management LTD bought a new position in CMS Energy during the 4th quarter worth $53,904,000. 93.57% of the stock is 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.