StockNews.com Downgrades CMS Energy (NYSE:CMS) to Sell

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

CMS has been the subject of several other research reports. Barclays raised their target price on CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. KeyCorp increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Scotiabank boosted their price target on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy currently has an average rating of "Moderate Buy" and an average target price of $70.21.

CMS Energy Stock Performance

CMS stock traded up $0.04 during midday trading on Thursday, hitting $70.49. The stock had a trading volume of 1,763,393 shares, compared to its average volume of 2,271,189. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.78 and a beta of 0.41. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The stock has a 50-day simple moving average of $69.71 and a 200 day simple moving average of $65.65. CMS Energy has a 52 week low of $55.10 and a 52 week high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. As a group, equities research analysts anticipate that CMS Energy will post 3.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Institutional Trading of CMS Energy

A number of large investors have recently made changes to their positions in CMS. First Horizon Advisors Inc. lifted its position in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new stake in CMS Energy in the 3rd quarter valued at $40,000. TruNorth Capital Management LLC lifted its position in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 578 shares in the last quarter. Innealta Capital LLC bought a new stake in CMS Energy in the 2nd quarter valued at $43,000. Finally, Covestor Ltd lifted its position in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 472 shares in the last quarter. 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.