CMS Energy (NYSE:CMS) Downgraded by StockNews.com to "Sell"

CMS Energy (NYSE:CMS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Wednesday.

Other equities analysts have also issued research reports about the stock. Bank of America upped their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. Evercore ISI increased their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Jefferies Financial Group upped their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Performance

CMS opened at $71.94 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The business has a fifty day simple moving average of $72.65 and a 200 day simple moving average of $69.86. CMS Energy has a 1 year low of $58.50 and a 1 year high of $76.45. The company has a market capitalization of $21.52 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. Research analysts expect that CMS Energy will post 3.59 EPS for the current year.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated 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 directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CMS Energy

Several institutional investors have recently bought and sold shares of the stock. Smith Group Asset Management LLC bought a new stake in CMS Energy in the fourth quarter valued at approximately $333,000. Commonwealth Equity Services LLC raised its holdings in CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after buying an additional 392 shares during the last quarter. Caprock Group LLC purchased a new stake in CMS Energy during the 4th quarter valued at $237,000. Proficio Capital Partners LLC bought a new stake in CMS Energy in the 4th quarter worth $4,938,000. Finally, Envestnet Asset Management Inc. increased its position in shares of CMS Energy by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock valued at $56,967,000 after acquiring an additional 15,918 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.

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