CMS Energy Co. (CMS) Receives Average Recommendation of “Hold” from Analysts

CMS Energy Co. (NYSE:CMS) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $53.91.

A number of equities analysts have recently weighed in on CMS shares. Bank of America raised CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, April 11th. Zacks Investment Research raised CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, April 3rd. Argus upped their target price on CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. SunTrust Banks reaffirmed a “hold” rating and set a $56.00 target price on shares of CMS Energy in a research report on Monday, February 25th. Finally, Guggenheim reaffirmed a “hold” rating and set a $53.00 target price on shares of CMS Energy in a research report on Monday, January 7th.

CMS traded up $0.04 during trading on Wednesday, hitting $54.09. The company’s stock had a trading volume of 1,446,049 shares, compared to its average volume of 2,252,163. CMS Energy has a twelve month low of $42.52 and a twelve month high of $56.29. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.69 and a current ratio of 0.94. The firm has a market cap of $15.34 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 3.44 and a beta of 0.19.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). CMS Energy had a net margin of 9.56% and a return on equity of 13.93%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the firm posted $0.51 earnings per share. Research analysts predict that CMS Energy will post 2.5 EPS for the current fiscal year.

In related news, SVP Catherine M. Reynolds sold 8,187 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total transaction of $434,074.74. Following the completion of the sale, the senior vice president now owns 129,389 shares in the company, valued at $6,860,204.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Reilly Financial Advisors LLC bought a new position in CMS Energy in the 4th quarter valued at $25,000. Clean Yield Group bought a new position in CMS Energy in the 4th quarter valued at $27,000. Cranbrook Wealth Management LLC bought a new position in CMS Energy in the 4th quarter valued at $30,000. Advisors Preferred LLC bought a new position in CMS Energy in the 4th quarter valued at $31,000. Finally, Pinnacle Bank bought a new position in CMS Energy in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Analyst Recommendations for CMS Energy (NYSE:CMS)

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