CMS Energy (NYSE:CMS) Downgraded to Sell Rating by Wall Street Zen

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

Other analysts also recently issued reports about the stock. Scotiabank restated an "outperform" rating and issued a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Bank of America upped their price target 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. BMO Capital Markets upped their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Finally, Evercore ISI upped their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of "Hold" and a consensus price target of $77.00.

CMS Energy Stock Performance

CMS Energy stock opened at $69.00 on Friday. The company's 50-day moving average price is $71.19 and its 200-day moving average price is $70.02. CMS Energy has a twelve month low of $58.50 and a twelve month high of $76.45. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. The company has a market cap of $20.64 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share 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 business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business's quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that CMS Energy will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the sale, the senior vice president now owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CMS Energy

Several hedge funds have recently modified their holdings of the business. Sigma Planning Corp lifted its position in shares of CMS Energy by 0.4% in the 1st quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock worth $2,407,000 after purchasing an additional 142 shares during the period. Sage Mountain Advisors LLC lifted its position in shares of CMS Energy by 4.5% in the 1st quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock worth $252,000 after purchasing an additional 144 shares during the period. Sumitomo Life Insurance Co. lifted its position in shares of CMS Energy by 1.3% in the 1st quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock worth $844,000 after purchasing an additional 146 shares during the period. Spire Wealth Management raised its stake in shares of CMS Energy by 6.4% during the 1st quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock worth $191,000 after acquiring an additional 154 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC raised its stake in shares of CMS Energy by 0.8% during the 1st quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock worth $1,753,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors 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.

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