CMS Energy (NYSE:CMS) Cut 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 Wednesday.

Several other equities analysts have also recently commented on CMS. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price objective on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. UBS Group lifted their price target on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, CMS Energy currently has an average rating of “Hold” and an average target price of $75.36.

CMS Energy Trading Down 0.6 %

Shares of CMS Energy stock traded down $0.43 during trading hours on Wednesday, hitting $74.71. The company’s stock had a trading volume of 2,171,950 shares, compared to its average volume of 2,235,759. The business has a fifty day moving average of $70.91 and a 200 day moving average of $69.38. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy has a 1-year low of $56.61 and a 1-year high of $75.52. The company has a market capitalization of $22.32 billion, a PE ratio of 22.50, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, equities analysts forecast that CMS Energy will post 3.59 EPS for the current year.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % 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. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 in the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in CMS Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock worth $2,544,370,000 after purchasing an additional 316,011 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock worth $950,227,000 after purchasing an additional 3,486,074 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC raised its stake in CMS Energy by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock worth $505,869,000 after buying an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp raised its stake in CMS Energy by 11.6% during the fourth quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider’s stock worth $199,049,000 after buying an additional 311,489 shares during the last quarter. Institutional investors 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.