CMS Energy (NYSE:CMS) Earns Buy Rating from Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group started coverage on shares of CMS Energy (NYSE:CMS - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a "buy" rating and a $76.00 price target on the utilities provider's stock. Jefferies Financial Group's price objective would indicate a potential upside of 9.97% from the stock's previous close.

Several other equities research analysts have also recently commented on CMS. Evercore ISI raised CMS Energy to a "hold" rating in a research note on Friday, July 26th. Bank of America boosted their target price on shares of CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Morgan Stanley raised their price target on shares of CMS Energy from $63.00 to $68.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a report on Friday. Finally, StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and an average target price of $70.29.

CMS Energy Stock Up 1.1 %

CMS traded up $0.72 on Tuesday, reaching $69.11. 1,518,990 shares of the company traded hands, compared to its average volume of 2,256,754. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.71 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The stock's 50 day moving average price is $69.81 and its 200-day moving average price is $64.79. CMS Energy has a 52-week low of $54.27 and a 52-week high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) 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 business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. On average, sell-side analysts expect that CMS Energy will post 3.33 EPS for the current fiscal year.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider's stock worth $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider's stock valued at $410,223,000 after acquiring an additional 3,473,977 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider's stock worth $92,623,000 after acquiring an additional 800,344 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in CMS Energy by 46.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider's stock worth $79,275,000 after acquiring an additional 421,059 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in CMS Energy by 22.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider's stock valued at $76,292,000 after purchasing an additional 233,633 shares during the last quarter. 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.