CMS Energy (NYSE:CMS) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of CMS Energy (NYSE:CMS) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Other research analysts have also issued research reports about the stock. Guggenheim increased their price target on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Morgan Stanley increased their price objective on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $68.23 on Tuesday. The firm has a market cap of $20.39 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.70 and a beta of 0.41. CMS Energy has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $69.77 and a 200 day simple moving average of $65.16.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share 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 the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. As a group, sell-side analysts predict that CMS Energy will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. CMS Energy’s payout ratio is presently 58.86%.

Institutional Investors Weigh In On CMS Energy

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy during the third quarter valued at approximately $40,000. TruNorth Capital Management LLC raised its stake in shares of CMS Energy by 431.3% in 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 in the last quarter. Headlands Technologies LLC bought a new position in CMS Energy in the first quarter worth $43,000. Finally, Innealta Capital LLC bought a new position in CMS Energy in the second quarter worth $43,000. 93.57% of the stock is owned by institutional investors and hedge funds.

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.