CMS Energy (NYSE:CMS) Downgraded to “Sell” Rating by StockNews.com

CMS Energy (NYSE:CMS) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

CMS has been the topic of several other research reports. KeyCorp lifted their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Jefferies Financial Group began coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock. Wells Fargo & Company lifted their price objective on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley reduced their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, BMO Capital Markets reduced their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $70.21.

CMS Energy Trading Up 0.1 %

Shares of CMS stock opened at $70.49 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average price of $69.71 and a two-hundred day moving average price of $65.65. CMS Energy has a 12-month low of $55.10 and a 12-month high of $72.40. The firm has a market cap of $21.06 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities analysts anticipate that CMS Energy will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Institutional Trading of CMS Energy

A number of hedge funds have recently made changes to their positions in CMS. First Horizon Advisors Inc. boosted its position in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in CMS Energy in the 3rd quarter valued at approximately $40,000. TruNorth Capital Management LLC lifted its position in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 578 shares in the last quarter. Innealta Capital LLC bought a new position in CMS Energy in the 2nd quarter valued at approximately $43,000. Finally, Covestor Ltd lifted its position in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. 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.