StockNews.com Downgrades CMS Energy (NYSE:CMS) to Sell

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

Other research analysts have also issued reports about the stock. Guggenheim increased their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Bank of America lifted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Morgan Stanley upped their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Scotiabank increased their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company boosted their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $70.29.

CMS Energy Stock Performance

Shares of CMS opened at $69.20 on Wednesday. CMS Energy has a 1 year low of $55.10 and a 1 year high of $72.40. The company’s 50 day simple moving average is $69.73 and its 200 day simple moving average is $65.42. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.73 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

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

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares in the last quarter. Raymond James & Associates lifted its holdings in CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after buying an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after acquiring an additional 800,344 shares in the last quarter. Railway Pension Investments Ltd bought a new stake in shares of CMS Energy in the 2nd quarter valued at approximately $47,082,000. Finally, National Bank of Canada FI increased its holdings in shares of CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after acquiring an additional 715,891 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

About CMS Energy

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.