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

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

CMS has been the subject of several other reports. Scotiabank raised their target price on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th. KeyCorp raised 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, Guggenheim upped their price target on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy Stock Performance

NYSE CMS opened at $69.10 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy has a 1-year low of $54.27 and a 1-year high of $72.40. The firm has a market capitalization of $20.65 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.71 and a beta of 0.41. The business’s 50-day simple moving average is $69.85 and its 200-day simple moving average is $64.85.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities analysts predict that CMS Energy will post 3.33 EPS for the current year.

Institutional Investors Weigh In On CMS Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after buying an additional 3,473,977 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CMS Energy by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Raymond James & Associates boosted its stake in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after purchasing an additional 851,364 shares during the period. iA Global Asset Management Inc. boosted its stake in 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 purchasing an additional 800,344 shares during the period. Finally, Railway Pension Investments Ltd purchased a new position in CMS Energy during the 2nd quarter worth approximately $47,082,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.