By otakuyassine3@gmail.com 
CMS Energy (NYSE:CMS – Get Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other analysts have also weighed in on CMS. Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley decreased their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective on the stock. Wells Fargo & Company boosted their target price on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, KeyCorp increased their price target on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.36.
View Our Latest Stock Report on CMS Energy
CMS Energy Trading Up 1.5 %
CMS traded up $1.00 during trading on Wednesday, reaching $66.56. 2,119,689 shares of the stock traded hands, compared to its average volume of 1,675,677. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The stock’s 50-day moving average is $67.41 and its 200 day moving average is $67.09. CMS Energy has a 12 month low of $55.10 and a 12 month high of $72.40. The stock has a market capitalization of $19.89 billion, a PE ratio of 19.02, a P/E/G ratio of 2.66 and a beta of 0.42.
CMS Energy (NYSE:CMS – Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. Equities analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.
Insiders Place Their Bets
In other CMS Energy news, Director John G. Russell sold 28,750 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock valued at $2,228,084 in the last three months. 0.40% of the stock is currently owned by insiders.
Institutional Trading of CMS Energy
A number of institutional investors and hedge funds have recently modified their holdings of CMS. Mackenzie Financial Corp boosted its position in CMS Energy by 0.6% in 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 last quarter. Voisard Asset Management Group Inc. boosted its holdings in shares of CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of CMS Energy by 4.0% in 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 last quarter. OneDigital Investment Advisors LLC grew its position in CMS Energy by 5.4% during the third 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 period. Finally, Horizon Kinetics Asset Management LLC increased its holdings in CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after buying an additional 200 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
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.
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