CMS Energy (NYSE:CMS) Raised to Hold at Wall Street Zen

CMS Energy (NYSE:CMS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Other analysts have also issued research reports about the company. Scotiabank reissued an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Jefferies Financial Group boosted their price objective on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. UBS Group raised their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets lifted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Evercore ISI increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and an average target price of $77.00.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $70.44 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $21.07 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38. The firm's 50 day moving average price is $70.52 and its 200-day moving average price is $70.19. CMS Energy has a twelve month low of $58.50 and a twelve month high of $76.45.

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

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction 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 sale, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of CMS Energy

A number of large investors have recently made changes to their positions in the business. Sigma Planning Corp raised its position in CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock valued at $2,407,000 after purchasing an additional 142 shares during the period. Sage Mountain Advisors LLC lifted its position in CMS Energy by 4.5% in the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after buying an additional 144 shares during the last quarter. Sumitomo Life Insurance Co. lifted its position in CMS Energy by 1.3% in the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock worth $844,000 after buying an additional 146 shares during the last quarter. Spire Wealth Management boosted its stake in CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock worth $191,000 after buying an additional 154 shares during the period. Finally, Nicholson Wealth Management Group LLC increased its position in CMS Energy by 0.8% during the first quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock valued at $1,753,000 after acquiring an additional 174 shares during the last quarter. 93.57% of the stock is currently 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.

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