CMS Energy (CMS) Stock Rating Reaffirmed by SunTrust Banks

SunTrust Banks restated their hold rating on shares of CMS Energy (NYSE:CMS) in a research report report published on Monday morning. The firm currently has a $45.00 price objective on the utilities provider’s stock.

Other equities analysts have also issued reports about the company. Bank of America initiated coverage on CMS Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $52.00 target price on the stock. KeyCorp restated a buy rating and issued a $51.00 target price on shares of CMS Energy in a research note on Friday, October 20th. Morgan Stanley restated an equal weight rating and issued a $52.00 target price on shares of CMS Energy in a research note on Wednesday, December 13th. Zacks Investment Research upgraded CMS Energy from a sell rating to a hold rating in a report on Friday, October 27th. Finally, Guggenheim reiterated a hold rating and issued a $50.00 price objective on shares of CMS Energy in a report on Wednesday, January 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CMS Energy currently has an average rating of Buy and a consensus target price of $49.15.

CMS Energy (NYSE:CMS) opened at $44.16 on Monday. The firm has a market capitalization of $12,460.00, a PE ratio of 22.88, a price-to-earnings-growth ratio of 2.97 and a beta of 0.19. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. CMS Energy has a one year low of $41.75 and a one year high of $50.85.

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

Hedge funds have recently modified their holdings of the stock. Archford Capital Strategies LLC boosted its holdings in CMS Energy by 62.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 438 shares during the period. IHT Wealth Management LLC purchased a new stake in CMS Energy during the 2nd quarter valued at about $310,000. Zions Bancorporation boosted its holdings in CMS Energy by 8,255.2% during the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 2,394 shares during the period. Cerebellum GP LLC purchased a new stake in CMS Energy during the 4th quarter valued at about $122,000. Finally, IBM Retirement Fund purchased a new stake in CMS Energy during the 3rd quarter valued at about $205,000. Institutional investors own 87.24% of the company’s stock.

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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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