CMS Energy (NYSE:CMS) Rating Increased to Hold at Evercore ISI

CMS Energy (NYSE:CMS) was upgraded by investment analysts at Evercore ISI to a “hold” rating in a research note issued on Friday, Zacks.com reports.

A number of other analysts have also recently commented on the company. Barclays upped their price objective on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Morgan Stanley reduced their price objective on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Scotiabank cut their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Monday. Finally, KeyCorp boosted their price target on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

CMS Energy Stock Up 1.1 %

CMS Energy stock opened at $63.66 on Friday. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.50 and a beta of 0.38. The stock has a fifty day simple moving average of $60.68 and a two-hundred day simple moving average of $59.48. CMS Energy has a 12 month low of $49.87 and a 12 month high of $64.28. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Equities analysts predict that CMS Energy will post 3.33 EPS for the current fiscal year.

Insider Transactions at CMS Energy

In other news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at $884,859.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The disclosure for this sale can be found here. Insiders sold a total of 6,027 shares of company stock valued at $365,651 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. Scarborough Advisors LLC purchased a new stake in CMS Energy during the fourth quarter valued at approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy during the fourth quarter valued at approximately $36,000. TruNorth Capital Management LLC raised its position in CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares during the period. Headlands Technologies LLC purchased a new stake in CMS Energy during the first quarter valued at approximately $43,000. Finally, Innealta Capital LLC purchased a new stake in CMS Energy during the second quarter valued at approximately $43,000. 93.57% of the stock is owned by 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.