CMS Energy (NYSE:CMS)‘s stock had its “hold” rating reaffirmed by equities researchers at SunTrust Banks in a note issued to investors on Tuesday, December 26th. They presently have a $46.00 price objective on the utilities provider’s stock. SunTrust Banks’ price objective would suggest a potential upside of 4.52% from the stock’s current price.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Wells Fargo & Co upgraded shares of CMS Energy from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. KeyCorp reiterated a “buy” rating and set a $51.50 target price on shares of CMS Energy in a report on Friday, December 15th. Morgan Stanley reiterated an “equal weight” rating and set a $52.00 target price on shares of CMS Energy in a report on Wednesday, December 13th. Finally, Bank of America initiated coverage on shares of CMS Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $52.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.25.
Shares of CMS Energy (CMS) opened at $44.01 on Tuesday. The firm has a market cap of $12,518.54, a price-to-earnings ratio of 22.80, a PEG ratio of 2.95 and a beta of 0.19. CMS Energy has a 12 month low of $41.58 and a 12 month high of $50.85. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, topping 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 net margin of 8.38% and a return on equity of 12.30%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. sell-side analysts expect that CMS Energy will post 2.17 EPS for the current year.
In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the sale, the insider now directly owns 28,176 shares in the company, valued at approximately $1,353,011.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC boosted its stake in CMS Energy by 62.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 438 shares in the last quarter. IHT Wealth Management LLC purchased a new position in CMS Energy during the 2nd quarter worth approximately $310,000. Zions Bancorporation raised its position in CMS Energy by 8,255.2% during the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock worth $112,000 after buying an additional 2,394 shares during the last quarter. IBM Retirement Fund purchased a new position in CMS Energy during the 3rd quarter worth approximately $205,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in CMS Energy during the 3rd quarter worth approximately $216,000. Institutional investors own 87.15% of the company’s stock.
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CMS Energy Company Profile
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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