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

CMS Energy (NYSE:CMS - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

Other research analysts have also recently issued research reports about the stock. Guggenheim cut shares of CMS Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Mizuho cut shares of CMS Energy from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Jefferies Financial Group began coverage on CMS Energy in a research note on Tuesday, November 5th. They set a "buy" rating and a $76.00 price target on the stock. Finally, Barclays increased their target price on CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $71.15.

CMS Energy Trading Up 0.5 %

CMS Energy stock traded up $0.36 during midday trading on Wednesday, hitting $68.69. 2,904,259 shares of the stock were exchanged, compared to its average volume of 2,324,937. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.48 and a beta of 0.42. The stock's 50-day simple moving average is $66.77 and its 200 day simple moving average is $67.85. CMS Energy has a fifty-two week low of $55.10 and a fifty-two week high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, equities analysts anticipate that CMS Energy will post 3.59 EPS for the current year.

Insider Buying and Selling at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company's stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. Insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On CMS Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Voisard Asset Management Group Inc. lifted its holdings in shares of CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock valued at $56,000 after purchasing an additional 163 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of CMS Energy by 4.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock valued at $297,000 after acquiring an additional 173 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of CMS Energy by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after acquiring an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in shares of CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock valued at $1,107,000 after acquiring an additional 200 shares during the period. Finally, Private Trust Co. NA raised its position in CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 200 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.