CMS Energy (NYSE:CMS) Lowered to “Sell” Rating by 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 Monday.

Several other equities research analysts have also recently weighed in on the company. Bank of America boosted their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley boosted their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company upped their target price on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Guggenheim upped their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets cut their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Price Performance

Shares of CMS Energy stock traded up $0.09 during trading hours on Monday, hitting $68.39. The company’s stock had a trading volume of 3,560,732 shares, compared to its average volume of 2,262,619. The business has a 50 day moving average price of $69.81 and a two-hundred day moving average price of $64.79. CMS Energy has a 12-month low of $54.27 and a 12-month high of $72.40. The company has a market cap of $20.43 billion, a PE ratio of 19.54, a PEG ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.87 and a current ratio of 1.61.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Analysts expect that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd lifted its holdings in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the period. TruNorth Capital Management LLC lifted its holdings in CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares during the period. Headlands Technologies LLC purchased a new stake in CMS Energy during the first quarter worth $43,000. Innealta Capital LLC purchased a new stake in CMS Energy during the second quarter worth $43,000. Finally, Values First Advisors Inc. purchased a new stake in CMS Energy during the third quarter worth $56,000. 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.