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

CMS Energy (NYSE:CMS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Other analysts have also recently issued research reports about the stock. Bank of America raised their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets lowered 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 report on Friday. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Barclays increased their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, KeyCorp increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $69.85.

CMS Energy Stock Performance

Shares of CMS Energy stock traded up $0.09 on Monday, reaching $68.39. 3,560,732 shares of the company traded hands, compared to its average volume of 2,262,619. The company has a 50 day moving average of $69.81 and a 200 day moving average of $64.79. The firm has a market capitalization of $20.43 billion, a PE ratio of 19.54, a PEG ratio of 2.77 and a beta of 0.41. CMS Energy has a 52 week low of $54.27 and a 52 week high of $72.40. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.61 and a quick ratio of 0.87.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMS. Private Advisor Group LLC increased its holdings in shares of CMS Energy by 33.1% in the 1st quarter. Private Advisor Group LLC now owns 28,010 shares of the utilities provider’s stock worth $1,690,000 after purchasing an additional 6,968 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CMS Energy by 56.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,719 shares of the utilities provider’s stock worth $4,511,000 after acquiring an additional 27,053 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of CMS Energy by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 35,326 shares of the utilities provider’s stock worth $2,132,000 after acquiring an additional 397 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CMS Energy by 15.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,669 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 1,169 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of CMS Energy in the first quarter worth $89,000. Hedge funds and other 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.