StockNews.com Upgrades CMS Energy (NYSE:CMS) to “Hold”

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

Other equities analysts have also issued research reports about the stock. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Barclays boosted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Guggenheim boosted their target price on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, BMO Capital Markets lowered their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.29.

CMS Energy Price Performance

Shares of NYSE CMS traded down $0.52 during midday trading on Tuesday, hitting $68.08. The company had a trading volume of 1,982,497 shares, compared to its average volume of 2,278,537. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy has a twelve month low of $54.99 and a twelve month high of $72.40. The business has a 50-day simple moving average of $69.83 and a two-hundred day simple moving average of $65.06. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.67 and a beta of 0.41.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. Equities research analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

Institutional Trading of CMS Energy

A number of large investors have recently modified their holdings of the company. Mackenzie Financial Corp increased its stake in CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares during the period. Voisard Asset Management Group Inc. increased its stake in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares during the period. OneDigital Investment Advisors LLC increased its stake in CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares during the period. Continuum Advisory LLC grew its stake in shares of CMS Energy by 9.6% in the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 205 shares during the last quarter. Finally, Tobam boosted its holdings in shares of CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider’s stock worth $61,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.