CMS Energy’s (CMS) “Hold” Rating Reiterated at Guggenheim

CMS Energy (NYSE:CMS)‘s stock had its “hold” rating restated by analysts at Guggenheim in a research report issued to clients and investors on Wednesday. They presently have a $50.00 target price on the utilities provider’s stock. Guggenheim’s price target indicates a potential upside of 6.50% from the stock’s current price.

Several other research analysts also recently commented on CMS. Morgan Stanley lifted their price objective on CMS Energy from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Royal Bank of Canada reiterated a “hold” rating and issued a $46.00 price objective on shares of CMS Energy in a report on Monday, September 11th. SunTrust Banks reiterated a “hold” rating and issued a $47.00 price objective on shares of CMS Energy in a report on Wednesday, October 4th. Zacks Investment Research downgraded CMS Energy from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Finally, KeyCorp reiterated a “buy” rating and issued a $51.00 price objective on shares of CMS Energy in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. CMS Energy presently has a consensus rating of “Buy” and an average price target of $49.25.

CMS Energy (NYSE CMS) traded down $0.35 on Wednesday, hitting $46.95. The stock had a trading volume of 1,689,300 shares, compared to its average volume of 1,560,950. The stock has a market capitalization of $13,240.00, a P/E ratio of 24.33, a P/E/G ratio of 3.15 and a beta of 0.19. 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 $41.12 and a 1 year high of $50.85.

CMS Energy (NYSE:CMS) last released its quarterly earnings data 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. 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 company’s 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’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 value of $48,020.00. Following the transaction, the insider now owns 28,176 shares in the company, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of CMS. Schwab Charles Investment Management Inc. grew its holdings in shares of CMS Energy by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 948,264 shares of the utilities provider’s stock worth $43,858,000 after acquiring an additional 54,261 shares during the period. Federated Investors Inc. PA boosted its position in shares of CMS Energy by 41.4% in the 2nd quarter. Federated Investors Inc. PA now owns 15,429 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 4,521 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of CMS Energy by 14.7% in the 2nd quarter. Victory Capital Management Inc. now owns 213,807 shares of the utilities provider’s stock worth $9,889,000 after purchasing an additional 27,321 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of CMS Energy by 1.0% in the 2nd quarter. Prudential Financial Inc. now owns 392,818 shares of the utilities provider’s stock worth $18,167,000 after purchasing an additional 3,870 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of CMS Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 5,050 shares of the utilities provider’s stock worth $234,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other 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.

Analyst Recommendations for CMS Energy (NYSE:CMS)

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