CMS Energy (NYSE:CMS) Cut to "Sell" at Wall Street Zen

CMS Energy (NYSE:CMS - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

CMS has been the subject of several other research reports. Scotiabank reissued an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Jefferies Financial Group boosted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Bank of America boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $77.00.

CMS Energy Trading Down 0.2%

Shares of CMS Energy stock traded down $0.14 on Friday, reaching $69.73. The company had a trading volume of 3,461,924 shares, compared to its average volume of 2,309,032. The firm's 50 day moving average price is $71.12 and its two-hundred day moving average price is $70.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. CMS Energy has a 52-week low of $58.50 and a 52-week high of $76.45. The firm has a market cap of $20.86 billion, a PE ratio of 20.69, a PEG ratio of 2.46 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts predict that CMS Energy will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president now owns 69,571 shares of the company's stock, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company's stock.

Hedge Funds Weigh In On CMS Energy

Institutional investors have recently modified their holdings of the business. Principal Securities Inc. grew its holdings in shares of CMS Energy by 33.4% during the fourth quarter. Principal Securities Inc. now owns 1,956 shares of the utilities provider's stock worth $130,000 after buying an additional 490 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of CMS Energy by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 410,908 shares of the utilities provider's stock valued at $27,387,000 after purchasing an additional 2,577 shares during the period. Sanctuary Advisors LLC raised its stake in shares of CMS Energy by 5.6% during the fourth quarter. Sanctuary Advisors LLC now owns 36,845 shares of the utilities provider's stock worth $2,439,000 after purchasing an additional 1,941 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of CMS Energy by 76.5% during the fourth quarter. Venturi Wealth Management LLC now owns 2,670 shares of the utilities provider's stock worth $178,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its holdings in shares of CMS Energy by 5.0% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 5,000 shares of the utilities provider's stock worth $317,000 after purchasing an additional 240 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

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.