CMS Energy (NYSE:CMS) Coverage Initiated by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group began coverage on shares of CMS Energy (NYSE:CMS) in a note issued to investors on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $76.00 price target on the utilities provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 12.01% from the company’s previous close.

CMS has been the subject of several other reports. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Evercore ISI upgraded CMS Energy to a “hold” rating in a report on Friday, July 26th. BMO Capital Markets decreased their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barclays lifted their target price on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Stock Down 1.8 %

CMS Energy stock opened at $67.85 on Tuesday. The company’s 50 day simple moving average is $69.86 and its 200 day simple moving average is $64.87. The firm has a market capitalization of $20.27 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.71 and a beta of 0.41. CMS Energy has a fifty-two week low of $54.27 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business posted $0.61 EPS. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that CMS Energy will post 3.33 EPS for the current year.

Institutional Investors Weigh In On CMS Energy

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its position in shares of CMS Energy by 99.1% during the third quarter. Natixis Advisors LLC now owns 188,446 shares of the utilities provider’s stock worth $13,310,000 after acquiring an additional 93,783 shares during the last quarter. Mizuho Securities USA LLC raised its stake in CMS Energy by 992.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock worth $18,075,000 after buying an additional 228,501 shares during the period. Empowered Funds LLC lifted its holdings in shares of CMS Energy by 11.5% in the 3rd quarter. Empowered Funds LLC now owns 5,028 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 517 shares in the last quarter. Empirical Finance LLC boosted its stake in CMS Energy by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider’s stock valued at $710,000 after purchasing an additional 217 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of CMS Energy by 0.8% during the third quarter. CIBC Asset Management Inc now owns 129,178 shares of the utilities provider’s stock valued at $9,112,000 after buying an additional 1,055 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.