CMS Energy (NYSE:CMS) Raised to “Buy” at Mizuho


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Mizuho upgraded shares of CMS Energy (NYSE:CMS) from a neutral rating to a buy rating in a research report released on Monday, Analyst Ratings Network reports. They currently have $65.00 price target on the utilities provider’s stock, up from their previous price target of $60.00.

Several other analysts also recently issued reports on CMS. Seaport Global Securities downgraded shares of CMS Energy from a buy rating to a neutral rating in a research report on Wednesday, April 7th. They noted that the move was a valuation call. TheStreet raised shares of CMS Energy from a c+ rating to a b rating in a report on Thursday, April 8th. Morgan Stanley lifted their price objective on shares of CMS Energy from $59.00 to $62.00 and gave the stock an equal weight rating in a report on Thursday, March 25th. Credit Suisse Group lifted their price objective on shares of CMS Energy from $64.00 to $68.00 and gave the stock an outperform rating in a report on Friday, April 9th. Finally, Barclays raised shares of CMS Energy from an equal weight rating to an overweight rating and cut their price objective for the stock from $75.00 to $67.00 in a report on Tuesday, March 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $64.15.

NYSE:CMS opened at $63.40 on Monday. The company has a fifty day moving average of $58.51 and a 200-day moving average of $60.08. The firm has a market capitalization of $18.35 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.94 and a beta of 0.11. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 2.26. CMS Energy has a twelve month low of $52.35 and a twelve month high of $67.98.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Wednesday, February 3rd. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. CMS Energy had a net margin of 11.44% and a return on equity of 14.92%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business posted $0.68 EPS. CMS Energy’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts anticipate that CMS Energy will post 2.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 5th were paid a $0.435 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.41. This represents a $1.74 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Thursday, February 4th. CMS Energy’s payout ratio is currently 69.88%.

In related news, SVP Jean-Francois Brossoit sold 3,010 shares of the business’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $57.21, for a total value of $172,202.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of CMS Energy by 3.5% during the fourth quarter. JPMorgan Chase & Co. now owns 21,419,719 shares of the utilities provider’s stock valued at $1,306,814,000 after buying an additional 719,810 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of CMS Energy by 134.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,443,735 shares of the utilities provider’s stock worth $149,092,000 after purchasing an additional 1,401,845 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of CMS Energy by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,242,141 shares of the utilities provider’s stock worth $136,794,000 after purchasing an additional 29,811 shares in the last quarter. Norges Bank purchased a new position in shares of CMS Energy during the fourth quarter worth about $78,403,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of CMS Energy by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,270,469 shares of the utilities provider’s stock worth $77,512,000 after purchasing an additional 13,567 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. 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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Analyst Recommendations for CMS Energy (NYSE:CMS)

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