Analysts’ Recent Ratings Changes for CMS Energy (CMS)

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CMS Energy (NYSE: CMS) has recently received a number of price target changes and ratings updates:

  • 10/8/2019 – CMS Energy is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $72.00 price target on the stock.
  • 10/2/2019 – CMS Energy was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/30/2019 – CMS Energy had its price target raised by analysts at SunTrust Banks, Inc. from $62.00 to $63.00. They now have a “hold” rating on the stock.
  • 9/23/2019 – CMS Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $67.00 price target on the stock. According to Zacks, “CMS Energy's regulated electric power operations in Michigan generate a relatively stable and growing earnings stream. The company also boasts a solid capital expenditure program, under which it plans to spend $11.2 billion on infrastructure upgrades and replacements, and electric supply projects from 2019 through 2023. These initiatives will enable the company to provide reliable services to its customers. It also outperformed its industry in past one year. However, its consumer operations are subject to various state and federal environmental regulations. It also incurs significant costs related to the construction, operation and closure of solid waste disposal facilities for coal ash. It estimates to incur cost of removal expenditures to comply with regulations relating to ash disposal worth $188 million from 2019 through 2023.”
  • 9/6/2019 – CMS Energy had its price target raised by analysts at UBS Group AG from $65.00 to $68.00. They now have a “neutral” rating on the stock.
  • 9/6/2019 – CMS Energy had its price target raised by analysts at Morgan Stanley from $59.00 to $63.00. They now have an “equal weight” rating on the stock.
  • 8/26/2019 – CMS Energy had its price target raised by analysts at Wells Fargo & Co from $66.00 to $69.00. They now have an “outperform” rating on the stock.
  • 8/16/2019 – CMS Energy had its price target lowered by analysts at Morgan Stanley from $60.00 to $59.00. They now have an “equal weight” rating on the stock.
  • 8/12/2019 – CMS Energy was given a new $66.00 price target on by analysts at Argus. They now have a “buy” rating on the stock.

NYSE CMS traded up $0.20 during mid-day trading on Wednesday, reaching $64.30. 23,033 shares of the company’s stock traded hands, compared to its average volume of 2,080,593. CMS Energy Co. has a 1-year low of $47.63 and a 1-year high of $65.31. The company has a fifty day simple moving average of $62.98 and a 200-day simple moving average of $58.55. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 2.32. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 4.05 and a beta of 0.09.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. CMS Energy had a net margin of 8.41% and a return on equity of 12.13%. CMS Energy’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. Equities research analysts forecast that CMS Energy Co. will post 2.49 earnings per share for the current fiscal year.

In other news, Director John G. Russell sold 5,600 shares of CMS Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $57.78, for a total value of $323,568.00. Following the completion of the transaction, the director now owns 290,711 shares in the company, valued at approximately $16,797,281.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John G. Russell sold 33,500 shares of CMS Energy stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $60.04, for a total value of $2,011,340.00. Following the completion of the transaction, the director now owns 257,211 shares of the company’s stock, valued at approximately $15,442,948.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,300 shares of company stock valued at $5,432,186. Insiders own 0.52% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in CMS Energy in the 1st quarter valued at about $240,000. NumerixS Investment Technologies Inc acquired a new position in shares of CMS Energy during the first quarter worth about $144,000. MML Investors Services LLC grew its position in shares of CMS Energy by 17.0% during the first quarter. MML Investors Services LLC now owns 16,714 shares of the utilities provider’s stock worth $928,000 after buying an additional 2,430 shares in the last quarter. Northern Trust Corp grew its position in shares of CMS Energy by 1.2% during the first quarter. Northern Trust Corp now owns 3,662,432 shares of the utilities provider’s stock worth $203,411,000 after buying an additional 44,908 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of CMS Energy by 71.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 673,609 shares of the utilities provider’s stock worth $37,412,000 after buying an additional 281,633 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

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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