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

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

Several other brokerages also recently commented on CMS. JPMorgan Chase & Co. increased their price objective on CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Jefferies Financial Group increased their price target on CMS Energy from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday. Wolfe Research set a $82.00 price objective on CMS Energy in a research note on Friday. Wells Fargo & Company reduced their target price on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, Barclays lowered their target price on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.62.

CMS Energy Stock Up 0.8%

CMS Energy stock opened at $71.50 on Friday. CMS Energy has a 1-year low of $65.17 and a 1-year high of $76.45. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.52 and a beta of 0.49. The firm’s fifty day moving average price is $71.11 and its two-hundred day moving average price is $72.20. 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 posted its earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. CMS Energy had a net margin of 12.62% and a return on equity of 12.10%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities research analysts predict that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the completion of the sale, the senior vice president owned 64,259 shares in the company, valued at approximately $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently modified their holdings of the stock. Sound Income Strategies LLC lifted its stake in CMS Energy by 84.4% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. HM Payson & Co. raised its stake in shares of CMS Energy by 65.6% in the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after buying an additional 141 shares during the period. First Horizon Corp bought a new stake in shares of CMS Energy in the third quarter valued at $26,000. Covestor Ltd lifted its position in shares of CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of CMS Energy by 653.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.