CMS Energy (NYSE:CMS) Stock Rating Upgraded by StockNews.com

CMS Energy (NYSE:CMS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

CMS has been the subject of several other reports. Bank of America lifted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group lifted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Scotiabank upped their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $75.36.

CMS Energy Price Performance

CMS stock opened at $73.24 on Tuesday. The stock has a market cap of $21.88 billion, a PE ratio of 22.06, a P/E/G ratio of 2.56 and a beta of 0.35. CMS Energy has a 12 month low of $56.61 and a 12 month high of $75.06. The company has a 50-day moving average price of $70.24 and a 200 day moving average price of $69.21. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Equities research analysts anticipate that CMS Energy will post 3.59 earnings per share for the current year.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares of the company’s stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,200 shares of company stock valued at $789,532. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BankPlus Trust Department purchased a new stake in CMS Energy in the fourth quarter valued at about $29,000. First Horizon Advisors Inc. increased its holdings in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares during the last quarter. Brooklyn Investment Group acquired a new stake in CMS Energy in the 3rd quarter worth approximately $40,000. Finally, Larson Financial Group LLC boosted its stake in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares in the last quarter. 93.57% of the stock is currently 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.