We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Utilities Stocks Lagging CMS Energy (CMS) This Year?
Read MoreHide Full Article
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. CMS Energy (CMS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
CMS Energy is a member of our Utilities group, which includes 110 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CMS Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMS' full-year earnings has moved 0.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CMS has returned 14.3% so far this year. Meanwhile, stocks in the Utilities group have gained about 12.4% on average. This shows that CMS Energy is outperforming its peers so far this year.
One other Utilities stock that has outperformed the sector so far this year is ONE Gas (OGS - Free Report) . The stock is up 17.3% year-to-date.
In ONE Gas' case, the consensus EPS estimate for the current year increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CMS Energy belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #73 in the Zacks Industry Rank. On average, stocks in this group have gained 13.7% this year, meaning that CMS is performing better in terms of year-to-date returns.
In contrast, ONE Gas falls under the Utility - Gas Distribution industry. Currently, this industry has 13 stocks and is ranked #85. Since the beginning of the year, the industry has moved +12.4%.
Going forward, investors interested in Utilities stocks should continue to pay close attention to CMS Energy and ONE Gas as they could maintain their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Are Utilities Stocks Lagging CMS Energy (CMS) This Year?
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. CMS Energy (CMS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
CMS Energy is a member of our Utilities group, which includes 110 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CMS Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMS' full-year earnings has moved 0.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CMS has returned 14.3% so far this year. Meanwhile, stocks in the Utilities group have gained about 12.4% on average. This shows that CMS Energy is outperforming its peers so far this year.
One other Utilities stock that has outperformed the sector so far this year is ONE Gas (OGS - Free Report) . The stock is up 17.3% year-to-date.
In ONE Gas' case, the consensus EPS estimate for the current year increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CMS Energy belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #73 in the Zacks Industry Rank. On average, stocks in this group have gained 13.7% this year, meaning that CMS is performing better in terms of year-to-date returns.
In contrast, ONE Gas falls under the Utility - Gas Distribution industry. Currently, this industry has 13 stocks and is ranked #85. Since the beginning of the year, the industry has moved +12.4%.
Going forward, investors interested in Utilities stocks should continue to pay close attention to CMS Energy and ONE Gas as they could maintain their solid performance.