CMS Energy (NYSE:CMS) Cut to Neutral at Guggenheim

Guggenheim lowered shares of CMS Energy (NYSE:CMS) from a buy rating to a neutral rating in a report published on Thursday morning, MarketBeat Ratings reports.

CMS has been the topic of several other reports. BMO Capital Markets reduced their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. KeyCorp upped their price objective 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. Jefferies Financial Group initiated coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Wells Fargo & Company upped their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Price Performance

Shares of CMS stock opened at $65.85 on Thursday. The company has a market cap of $19.68 billion, a P/E ratio of 18.82, a PEG ratio of 2.52 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The stock’s 50-day moving average is $67.41 and its 200 day moving average is $67.39. CMS Energy has a 1-year low of $55.10 and a 1-year high of $72.40.

CMS Energy (NYSE:CMS) last posted 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. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business posted $0.61 EPS. CMS Energy’s revenue was up 4.2% on a year-over-year basis. Research analysts predict that CMS Energy will post 3.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CMS Energy

Several large investors have recently bought and sold shares of CMS. First Horizon Advisors Inc. lifted its position in shares of 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 in the last quarter. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd lifted its holdings 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 purchasing an additional 472 shares in the last quarter. Values First Advisors Inc. acquired a new stake in CMS Energy during the 3rd quarter worth $56,000. Finally, Voisard Asset Management Group Inc. grew its holdings in shares of CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.