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

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.

A number of other analysts have also commented on the company. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. KeyCorp upped 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. Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. 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. Finally, Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Stock Up 0.1 %

Shares of NYSE:CMS opened at $68.57 on Wednesday. The stock’s 50-day moving average price is $69.75 and its 200-day moving average price is $65.38. 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 has a 12-month low of $55.10 and a 12-month high of $72.40. The stock has a market capitalization of $20.49 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41.

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

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’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 sale, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CMS Energy

Large investors have recently bought and sold shares of the stock. M&T Bank Corp grew its position in shares of CMS Energy by 0.7% in the third quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock valued at $34,130,000 after purchasing an additional 3,497 shares during the period. Toronto Dominion Bank lifted its position in shares of CMS Energy by 18.2% during the third quarter. Toronto Dominion Bank now owns 179,223 shares of the utilities provider’s stock worth $12,659,000 after purchasing an additional 27,562 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in CMS Energy by 16.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,459 shares of the utilities provider’s stock valued at $313,000 after buying an additional 625 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after purchasing an additional 105,062 shares during the last quarter. Finally, Executive Wealth Management LLC acquired a new stake in shares of CMS Energy during the third quarter worth approximately $450,000. 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.