CMS Energy (CMS) Upgraded to Buy at Hilliard Lyons

CMS Energy (NYSE:CMS) was upgraded by investment analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a report issued on Thursday, The Fly reports.

CMS has been the subject of several other research reports. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and issued a $51.50 price target on shares of CMS Energy in a research report on Friday, December 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 price target on shares of CMS Energy in a research report on Wednesday, December 13th. Bank of America started coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price target for the company. Finally, Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $48.41.

Shares of CMS Energy (NYSE:CMS) opened at $42.90 on Thursday. CMS Energy has a 52-week low of $40.48 and a 52-week high of $50.85. The firm has a market cap of $12,100.00, a P/E ratio of 22.23, a PEG ratio of 2.88 and a beta of 0.09. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. research analysts expect that CMS Energy will post 2.17 earnings per share for the current fiscal year.

In related news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CMS. BlackRock Inc. increased its stake in CMS Energy by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock valued at $1,023,636,000 after purchasing an additional 21,830,781 shares in the last quarter. Norges Bank acquired a new position in CMS Energy during the 4th quarter valued at approximately $183,949,000. Capital International Investors increased its stake in CMS Energy by 68.9% during the 3rd quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after purchasing an additional 4,018,068 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CMS Energy by 13.6% during the 1st quarter. JPMorgan Chase & Co. now owns 20,807,161 shares of the utilities provider’s stock valued at $883,058,000 after purchasing an additional 2,490,046 shares in the last quarter. Finally, Standard Life Investments LTD increased its stake in CMS Energy by 51.5% during the 4th quarter. Standard Life Investments LTD now owns 6,633,143 shares of the utilities provider’s stock valued at $239,225,000 after purchasing an additional 2,255,237 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

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CMS Energy Company Profile

CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.

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