CMS Energy (NYSE:CMS) Rating Lowered to Equal Weight at Barclays

CMS Energy (NYSE:CMSGet Rating) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, Briefing.com reports. They presently have a $76.00 price objective on the utilities provider’s stock, up from their previous price objective of $70.00. Barclays‘s target price would suggest a potential upside of 6.38% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. StockNews.com initiated coverage on shares of CMS Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. Mizuho decreased their price objective on shares of CMS Energy from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. UBS Group boosted their price objective on shares of CMS Energy from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, December 23rd. Morgan Stanley boosted their price objective on shares of CMS Energy from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 22nd. Finally, Evercore ISI reiterated a “hold” rating and set a $67.00 price objective on shares of CMS Energy in a research note on Friday, February 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has an average rating of “Hold” and a consensus price target of $69.92.

CMS Energy stock opened at $71.44 on Tuesday. CMS Energy has a 1 year low of $57.92 and a 1 year high of $73.64. The firm has a 50 day moving average price of $66.96 and a 200 day moving average price of $63.88. The company has a market cap of $20.73 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.70 and a beta of 0.26. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.89 and a current ratio of 1.19.

CMS Energy (NYSE:CMSGet Rating) last released its earnings results on Thursday, February 3rd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. CMS Energy had a net margin of 18.29% and a return on equity of 12.29%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. CMS Energy’s revenue was up 17.7% compared to the same quarter last year. Sell-side analysts predict that CMS Energy will post 2.87 EPS for the current year.

In other news, SVP Catherine A. Hendrian sold 6,521 shares of the business’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of $66.09, for a total transaction of $430,972.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crewe Advisors LLC acquired a new stake in CMS Energy in the fourth quarter valued at $26,000. Achmea Investment Management B.V. acquired a new stake in CMS Energy in the third quarter valued at $25,000. Assetmark Inc. raised its holdings in CMS Energy by 322.4% in the third quarter. Assetmark Inc. now owns 566 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 432 shares in the last quarter. Quent Capital LLC acquired a new stake in CMS Energy in the fourth quarter valued at $38,000. Finally, Strategic Asset Management LLC acquired a new stake in CMS Energy in the third quarter valued at $37,000. 91.21% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Company Profile (Get Rating)

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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Analyst Recommendations for CMS Energy (NYSE:CMS)

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