CMS Energy (NYSE:CMS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CMS Energy (NYSE:CMS) from a sell rating to a hold rating in a research report released on Saturday.

A number of other analysts also recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Morgan Stanley restated an “underperform” rating on shares of CMS Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. UBS Group decreased their target price on CMS Energy from $81.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $77.69.

CMS Energy Price Performance

Shares of NYSE CMS opened at $70.52 on Friday. The stock has a fifty day moving average price of $71.04 and a 200 day moving average price of $72.22. CMS Energy has a 1-year low of $65.17 and a 1-year high of $76.45. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.90 and a quick ratio of 0.60. The company has a market cap of $21.46 billion, a PE ratio of 20.38, a P/E/G ratio of 2.54 and a beta of 0.47.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sound Income Strategies LLC increased its stake in CMS Energy by 84.4% in the fourth quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. HM Payson & Co. grew its holdings in CMS Energy by 65.6% in the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after buying an additional 141 shares during the period. First Horizon Corp acquired a new position in shares of CMS Energy during the 3rd quarter valued at about $26,000. Covestor Ltd lifted its holdings in shares of CMS Energy by 52.0% during the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 145 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of CMS Energy by 653.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 467 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About CMS Energy

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.