CMS Energy (NYSE:CMS) Rating Lowered to Sell at StockNews.com

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

A number of other research analysts have also issued reports on CMS. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America raised their target price on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. KeyCorp lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.21.

CMS Energy Stock Down 1.1 %

CMS Energy stock opened at $69.74 on Thursday. The company’s 50-day moving average price is $69.74 and its two-hundred day moving average price is $65.73. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.81 and a beta of 0.41. CMS Energy has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last announced its earnings results 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 analysts’ expectations of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, analysts expect that CMS Energy will post 3.33 EPS for the current fiscal year.

Insider Transactions at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On CMS Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMS. First Horizon Advisors Inc. increased its stake in shares of CMS Energy by 171.9% during 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 during the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy during the third quarter worth $40,000. TruNorth Capital Management LLC increased its position in CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares during the last quarter. Innealta Capital LLC bought a new position in CMS Energy during the second quarter valued at about $43,000. Finally, Covestor Ltd lifted its position in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

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.