Citigroup assumed coverage on shares of CMS Energy (NYSE:CMS) in a report issued on Friday, Marketbeat reports. The firm issued a neutral rating and a $46.00 price target on the utilities provider’s stock.
Several other research firms have also commented on CMS. Wells Fargo upgraded CMS Energy from a market perform rating to an outperform rating in a research report on Monday, December 18th. KeyCorp restated a buy rating and set a $51.50 target price on shares of CMS Energy in a research report on Friday, December 15th. Zacks Investment Research lowered CMS Energy from a hold rating to a sell rating in a research report on Tuesday, December 26th. Guggenheim restated a hold rating and set a $50.00 target price on shares of CMS Energy in a research report on Wednesday, January 3rd. Finally, SunTrust Banks restated a hold rating and set a $46.00 target price on shares of CMS Energy in a research report on Tuesday, December 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $48.35.
CMS traded up $0.25 on Friday, hitting $44.21. The company had a trading volume of 2,157,409 shares, compared to its average volume of 3,198,543. The firm has a market cap of $12,415.20, a P/E ratio of 20.37, a P/E/G ratio of 2.98 and a beta of 0.07. CMS Energy has a 12-month low of $40.48 and a 12-month high of $50.85. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 2.06.
CMS Energy (NYSE:CMS) last released its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 13.60% and a net margin of 6.99%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. research analysts forecast that CMS Energy will post 2.33 earnings per share for the current fiscal year.
In other CMS Energy news, SVP Catherine M. Reynolds sold 8,310 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $43.40, for a total transaction of $360,654.00. Following the completion of the transaction, the senior vice president now owns 126,810 shares in the company, valued at $5,503,554. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $223,000. State of Tennessee Treasury Department raised its stake in shares of CMS Energy by 119.3% during the fourth quarter. State of Tennessee Treasury Department now owns 302,121 shares of the utilities provider’s stock valued at $14,291,000 after acquiring an additional 164,366 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of CMS Energy by 11.6% during the fourth quarter. Victory Capital Management Inc. now owns 85,644 shares of the utilities provider’s stock valued at $4,051,000 after acquiring an additional 8,905 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of CMS Energy by 23.6% during the third quarter. Janus Henderson Group PLC now owns 1,610,745 shares of the utilities provider’s stock valued at $74,609,000 after acquiring an additional 307,776 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of CMS Energy by 5.8% during the fourth quarter. Jennison Associates LLC now owns 2,403,462 shares of the utilities provider’s stock valued at $113,684,000 after acquiring an additional 132,516 shares in the last quarter. 88.31% of the stock is owned by hedge funds and other institutional investors.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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