CMS Energy (NYSE:CMS) Raised to “Hold” at Wall Street Zen

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

A number of other research firms have also issued reports on CMS. Barclays decreased their price objective on CMS Energy from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. KeyCorp upped their price target on CMS Energy from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. increased their price target on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Wolfe Research set a $82.00 price objective on shares of CMS Energy in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and an average target price of $77.62.

CMS Energy Stock Up 0.8%

CMS opened at $71.50 on Friday. The company has a 50 day moving average of $71.11 and a 200 day moving average of $72.20. The company has a market cap of $21.76 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.52 and a beta of 0.49. CMS Energy has a 12 month low of $65.17 and a 12 month high of $76.45. The company has a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a net margin of 12.62% and a return on equity of 12.10%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that CMS Energy will post 3.59 EPS for the current year.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total value of $289,880.00. Following the transaction, the senior vice president directly owned 64,259 shares in the company, valued at approximately $4,656,849.73. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several hedge funds have recently bought and sold shares of the stock. HM Payson & Co. increased its holdings in shares of CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock worth $26,000 after buying an additional 141 shares during the last quarter. Private Trust Co. NA grew its position in CMS Energy by 10.1% in the third quarter. Private Trust Co. NA now owns 1,562 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 143 shares in the last quarter. Tobam increased its stake in CMS Energy by 35.0% in the second quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 145 shares during the last quarter. Covestor Ltd raised its position in CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Finally, Cim LLC lifted its stake in CMS Energy by 0.8% during the third quarter. Cim LLC now owns 19,038 shares of the utilities provider’s stock worth $1,395,000 after purchasing an additional 152 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

About CMS Energy

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.