CMS Energy (NYSE:CMS) Rating Lowered to Hold at Vertical Research

CMS Energy (NYSE:CMS) was downgraded by Vertical Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Analyst Price Targets reports.

A number of other equities research analysts have also weighed in on CMS. Barclays lifted their price objective on shares of CMS Energy from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, May 25th. Wells Fargo & Company decreased their price objective on shares of CMS Energy from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday. They noted that the move was a valuation call. TheStreet upgraded shares of CMS Energy from a “c+” rating to a “b” rating in a report on Thursday, April 8th. Morgan Stanley decreased their price objective on shares of CMS Energy from $66.00 to $64.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Credit Suisse Group lifted their price objective on shares of CMS Energy from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. CMS Energy currently has a consensus rating of “Hold” and an average price target of $67.00.

CMS stock opened at $60.24 on Wednesday. CMS Energy has a 12 month low of $53.19 and a 12 month high of $67.98. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 0.87. The business’s 50-day moving average price is $62.99. The stock has a market cap of $17.44 billion, a PE ratio of 20.08, a PEG ratio of 3.29 and a beta of 0.18.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 29th. The utilities provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. CMS Energy had a net margin of 12.48% and a return on equity of 14.74%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy will post 2.88 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of CMS. Baird Financial Group Inc. raised its stake in shares of CMS Energy by 0.5% during the 1st quarter. Baird Financial Group Inc. now owns 34,314 shares of the utilities provider’s stock worth $2,101,000 after acquiring an additional 165 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of CMS Energy by 28.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 906 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 200 shares in the last quarter. Corbyn Investment Management Inc. MD raised its stake in shares of CMS Energy by 0.6% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 32,123 shares of the utilities provider’s stock worth $1,967,000 after acquiring an additional 206 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of CMS Energy by 5.6% during the 4th quarter. Great Lakes Advisors LLC now owns 4,915 shares of the utilities provider’s stock worth $300,000 after acquiring an additional 262 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its stake in shares of CMS Energy by 47.9% during the 1st quarter. CSat Investment Advisory L.P. now owns 858 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

CMS Energy Company Profile

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

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Analyst Recommendations for CMS Energy (NYSE:CMS)

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