Wells Fargo & Co upgraded shares of CMS Energy (NYSE:CMS) from a market perform rating to an outperform rating in a research report sent to investors on Monday, December 18th, Marketbeat Ratings reports.
Several other equities research analysts also recently issued reports on CMS. KeyCorp reaffirmed a buy rating and issued a $51.00 price target on shares of CMS Energy in a research report on Friday, September 1st. Guggenheim assumed coverage on shares of CMS Energy in a research note on Tuesday, September 5th. They issued a neutral rating and a $48.00 target price for the company. Morgan Stanley increased their target price on shares of CMS Energy from $49.00 to $50.00 and gave the company an equal weight rating in a research note on Friday, September 8th. Royal Bank of Canada reiterated a hold rating and issued a $46.00 target price on shares of CMS Energy in a research note on Monday, September 11th. Finally, SunTrust Banks reiterated a hold rating and issued a $47.00 target price on shares of CMS Energy in a research note on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. CMS Energy presently has a consensus rating of Buy and a consensus price target of $49.25.
CMS Energy (NYSE:CMS) traded down $0.38 during trading on Monday, reaching $44.01. 3,402,055 shares of the company’s stock traded hands, compared to its average volume of 1,760,574. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. The firm has a market capitalization of $12,518.54, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.95 and a beta of 0.19. CMS Energy has a 52-week low of $41.58 and a 52-week high of $50.85.
CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. equities research analysts forecast that CMS Energy will post 2.17 EPS for the current year.
In other news, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the sale, the insider now directly owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC grew its holdings in CMS Energy by 7.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,258,685 shares of the utilities provider’s stock worth $58,302,000 after acquiring an additional 89,712 shares during the period. IFM Investors Pty Ltd acquired a new stake in CMS Energy during the 3rd quarter worth $382,000. California Public Employees Retirement System grew its holdings in CMS Energy by 10.7% during the 3rd quarter. California Public Employees Retirement System now owns 776,512 shares of the utilities provider’s stock worth $35,968,000 after acquiring an additional 75,265 shares during the period. Krilogy Financial LLC acquired a new stake in CMS Energy during the 3rd quarter worth $232,000. Finally, Janney Montgomery Scott LLC grew its holdings in CMS Energy by 3.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 39,061 shares of the utilities provider’s stock worth $1,809,000 after acquiring an additional 1,210 shares during the period. 87.15% of the stock is owned by hedge funds and other institutional investors.
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About CMS Energy
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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