CMS Energy (NYSE:CMS) Cut to Neutral at Guggenheim

Guggenheim downgraded shares of CMS Energy (NYSE:CMS) from a buy rating to a neutral rating in a research report released on Thursday, Marketbeat reports.

Several other brokerages have also weighed in on CMS. KeyCorp increased their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Mizuho downgraded shares of 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. Morgan Stanley decreased their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Stock Down 0.2 %

Shares of NYSE:CMS opened at $65.75 on Thursday. CMS Energy has a 1-year low of $55.10 and a 1-year high of $72.40. The company’s fifty day moving average is $67.33 and its two-hundred day moving average is $67.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.46 and a beta of 0.42.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Equities analysts anticipate that CMS Energy will post 3.33 EPS for the current year.

Insider Transactions at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,686 shares of company stock valued at $2,228,084. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its stake in shares of 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 acquiring an additional 851,364 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after purchasing an additional 719,093 shares during the period. National Bank of Canada FI increased its stake in 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 worth $63,053,000 after purchasing an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in CMS Energy by 760.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after buying an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after buying an additional 479,336 shares in the last quarter. Institutional investors and hedge funds 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.