CMS Energy (CMS) Rating Increased to Buy at Hilliard Lyons

CMS Energy (NYSE:CMS) was upgraded by research analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

A number of other equities analysts have also recently commented on the stock. Morgan Stanley reduced their price objective on shares of CMS Energy from $49.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday. SunTrust Banks set a $44.00 price objective on shares of CMS Energy and gave the stock a “hold” rating in a research report on Monday. UBS Group assumed coverage on shares of CMS Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Guggenheim reaffirmed a “hold” rating and set a $50.00 price objective on shares of CMS Energy in a research report on Wednesday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $48.54.

CMS Energy (CMS) traded up $0.77 during mid-day trading on Thursday, reaching $43.31. 1,171,092 shares of the company’s stock were exchanged, compared to its average volume of 3,017,098. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. CMS Energy has a 1 year low of $40.48 and a 1 year high of $50.85. The company has a market capitalization of $12,100.00, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.88 and a beta of 0.09.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts expect that CMS Energy will post 2.17 EPS for the current fiscal year.

In other news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in CMS. Capital International Investors boosted its position in shares of CMS Energy by 68.9% in the third quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock valued at $456,413,000 after acquiring an additional 4,018,068 shares during the period. BlackRock Inc. boosted its position in shares of CMS Energy by 8.6% in the fourth quarter. BlackRock Inc. now owns 27,534,036 shares of the utilities provider’s stock valued at $1,302,359,000 after acquiring an additional 2,182,812 shares during the period. Renaissance Technologies LLC boosted its position in shares of CMS Energy by 69.8% in the fourth quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock valued at $152,992,000 after acquiring an additional 1,329,800 shares during the period. Brookfield Asset Management Inc. boosted its position in shares of CMS Energy by 25,046.4% in the second quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock valued at $41,392,000 after acquiring an additional 891,400 shares during the period. Finally, Zimmer Partners LP boosted its position in shares of CMS Energy by 185.9% in the fourth quarter. Zimmer Partners LP now owns 1,365,000 shares of the utilities provider’s stock valued at $64,565,000 after acquiring an additional 887,500 shares during the period. 87.33% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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