CMS Energy (NYSE:CMS) Stock Rating Upgraded by StockNews.com

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

CMS has been the topic of several other reports. UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Scotiabank boosted their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. BMO Capital Markets boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. Finally, Guggenheim restated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

CMS Energy Stock Up 0.3 %

Shares of CMS opened at $71.76 on Thursday. The stock has a 50 day moving average price of $71.91 and a 200 day moving average price of $69.49. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy has a one year low of $56.61 and a one year high of $76.45.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities research analysts forecast that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock worth $789,532 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On CMS Energy

A number of institutional investors and hedge funds have recently modified their holdings of CMS. Smith Group Asset Management LLC purchased a new stake in CMS Energy during the 4th quarter worth about $333,000. Hennion & Walsh Asset Management Inc. lifted its position in CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after acquiring an additional 5,662 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of CMS Energy by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock valued at $5,103,000 after purchasing an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in CMS Energy by 49.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock valued at $1,787,000 after buying an additional 8,927 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of CMS Energy by 2.7% in the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after acquiring an additional 4,500 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.