CMS Energy (NYSE:CMS) Lowered to Neutral Rating by Guggenheim

CMS Energy (NYSE:CMS) was downgraded by stock analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday,Finviz reports.

A number of other brokerages also recently commented on CMS. Barclays boosted their price objective 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. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Morgan Stanley lowered their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, KeyCorp upped their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $66.66 on Thursday. CMS Energy has a one year low of $55.10 and a one year high of $72.40. The company has a market cap of $19.92 billion, a PE ratio of 19.05, a P/E/G ratio of 2.52 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The business has a 50-day simple moving average of $67.41 and a 200-day simple moving average of $67.39.

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

Insider Transactions at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,686 shares of company stock worth $2,228,084. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On CMS Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its holdings in CMS Energy by 171.9% in the third 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 during the period. Brooklyn Investment Group acquired a new stake in CMS Energy in the third quarter valued at $40,000. Covestor Ltd lifted its holdings in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares during the period. Values First Advisors Inc. acquired a new stake in CMS Energy in the third quarter valued at $56,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds 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.