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

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

Other equities analysts have also issued reports about the stock. Barclays raised their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target for the company. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, KeyCorp lifted 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $66.66 on Thursday. CMS Energy has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $19.92 billion, a P/E ratio of 19.05, a PEG ratio of 2.52 and a beta of 0.42. The company has a 50 day moving average price of $67.41 and a 200 day moving average price of $67.39.

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

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock worth $2,228,084 in the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Trading of CMS Energy

Several institutional investors and hedge funds have recently bought and sold shares of CMS. Raymond James & Associates raised its holdings in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after buying an additional 851,364 shares during the period. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. National Bank of Canada FI increased its stake in CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. increased its stake in CMS Energy by 760.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after purchasing an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after purchasing an additional 479,336 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.