CMS Energy (CMS) Upgraded to “Outperform” at Wells Fargo & Company

CMS Energy (NYSE:CMS) was upgraded by Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a research note issued on Monday.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $46.00 price objective on shares of CMS Energy in a research note on Monday, September 11th. KeyCorp reiterated a “buy” rating and issued a $51.50 price objective on shares of CMS Energy in a research note on Friday. Zacks Investment Research lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. SunTrust Banks reiterated a “hold” rating and issued a $47.00 price objective on shares of CMS Energy in a research note on Wednesday, October 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price objective on shares of CMS Energy in a research note on Wednesday, December 13th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.15.

CMS Energy (NYSE:CMS) opened at $49.25 on Monday. The firm has a market cap of $13,889.14, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 3.51 and a beta of 0.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. CMS Energy has a 12 month low of $40.93 and a 12 month high of $50.85.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.60 billion. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. equities research analysts expect that CMS Energy will post 2.17 earnings per share for the current year.

In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the sale, the insider now directly owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of CMS Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after buying an additional 764,989 shares during the period. BlackRock Inc. boosted its holdings in shares of CMS Energy by 11.6% during the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after buying an additional 2,653,503 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of CMS Energy by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock worth $995,424,000 after buying an additional 694,563 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CMS Energy by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock worth $649,344,000 after buying an additional 596,628 shares during the period. Finally, Capital International Investors boosted its holdings in shares of CMS Energy by 68.9% during the 3rd quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock worth $456,413,000 after buying an additional 4,018,068 shares during the period. 87.42% of the stock is owned by institutional investors and hedge funds.

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About CMS Energy

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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