CMS Energy (NYSE:CMS) Given Peer Perform Rating at Wolfe Research

CMS Energy (NYSE:CMS - Get Free Report)'s stock had its "peer perform" rating restated by investment analysts at Wolfe Research in a note issued to investors on Monday, MarketBeat.com reports.

A number of other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company upped their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Bank of America upped their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. Scotiabank reaffirmed an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, BMO Capital Markets raised their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

CMS Energy Price Performance

NYSE CMS traded down $0.19 on Monday, hitting $69.44. The stock had a trading volume of 1,968,449 shares, compared to its average volume of 2,327,193. CMS Energy has a 52-week low of $58.50 and a 52-week high of $76.45. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.48 and a beta of 0.38. The firm has a 50-day moving average of $70.46 and a 200-day moving average of $70.27.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Equities analysts expect that CMS Energy will post 3.59 EPS for the current year.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president owned 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in CMS Energy by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after acquiring an additional 392 shares during the period. State of Alaska Department of Revenue raised its stake in shares of CMS Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock valued at $2,629,000 after acquiring an additional 950 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of CMS Energy in the 4th quarter valued at approximately $4,938,000. Envestnet Asset Management Inc. increased its position in CMS Energy by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after buying an additional 15,918 shares during the period. Finally, Farther Finance Advisors LLC increased its position in CMS Energy by 195.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,297 shares of the utilities provider's stock worth $248,000 after buying an additional 2,180 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About CMS Energy

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.