CMS Energy (CMS) Stock Rating Upgraded by Zacks Investment Research

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CMS Energy (NYSE:CMS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $50.00 price target on the utilities provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 9.60% from the stock’s previous close.

According to Zacks, “CMS Energy's share price has outperformed the broader market in last one year. It's regulated electric power operations in Michigan generate a relatively stable and growing earnings stream. The company boasts a solid capital expenditure program to boost its infrastructural upgrades. It is currently focused on capacity maximization, reliability improvement, clean power generation and infrastructure upgrade. Moreover, CMS Energy boasts a solid capital expenditure program. The company plans to spend $4.9 billion for Gas Infrastructure, $3.5 billion for Electric Distribution and $1.7 billion for Electric Supply. These initiatives will enable the company to provide reliable services to its customers and achieve its long-term EPS growth target in the range of 6–8%. However, the company incurs significant costs related to the construction, operation, and closure of solid waste disposal facilities for coal ash.”

Other analysts also recently issued reports about the company. UBS assumed coverage on CMS Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $49.00 price target for the company. SunTrust Banks reiterated a “hold” rating and issued a $45.00 price target on shares of CMS Energy in a report on Monday, March 26th. Wells Fargo & Co lowered their price target on CMS Energy from $55.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Hilliard Lyons upgraded CMS Energy from a “neutral” rating to a “buy” rating in a report on Thursday, February 15th. Finally, Morgan Stanley lowered their price target on CMS Energy from $49.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $48.08.

Shares of CMS Energy opened at $45.62 on Thursday, according to Marketbeat. CMS Energy has a 12-month low of $40.48 and a 12-month high of $50.85. The firm has a market capitalization of $12.78 billion, a P/E ratio of 19.50, a P/E/G ratio of 3.05 and a beta of 0.06. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.71.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. CMS Energy had a return on equity of 14.33% and a net margin of 7.48%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. analysts forecast that CMS Energy will post 2.33 earnings per share for the current year.

In other news, SVP Catherine M. Reynolds sold 5,611 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $46.05, for a total transaction of $258,386.55. Following the completion of the sale, the senior vice president now directly owns 122,203 shares in the company, valued at $5,627,448.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $46.62, for a total value of $46,620.00. Following the sale, the insider now owns 31,753 shares of the company’s stock, valued at $1,480,324.86. The disclosure for this sale can be found here. Insiders have sold 17,611 shares of company stock valued at $817,617 over the last 90 days. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in CMS. Daiwa Securities Group Inc. grew its stake in CMS Energy by 13.9% in the first quarter. Daiwa Securities Group Inc. now owns 9,403 shares of the utilities provider’s stock worth $426,000 after purchasing an additional 1,150 shares in the last quarter. Ibex Wealth Advisors grew its stake in CMS Energy by 9.0% in the fourth quarter. Ibex Wealth Advisors now owns 15,404 shares of the utilities provider’s stock worth $713,000 after purchasing an additional 1,271 shares in the last quarter. Advisor Partners LLC grew its stake in CMS Energy by 14.5% in the first quarter. Advisor Partners LLC now owns 10,115 shares of the utilities provider’s stock worth $458,000 after purchasing an additional 1,282 shares in the last quarter. Cognios Capital LLC grew its stake in CMS Energy by 31.6% in the fourth quarter. Cognios Capital LLC now owns 5,750 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 1,380 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in CMS Energy by 49.7% in the first quarter. IFP Advisors Inc now owns 4,217 shares of the utilities provider’s stock worth $191,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 88.23% of the company’s stock.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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