Wall Street Zen Downgrades CMS Energy (NYSE:CMS) to Sell

CMS Energy (NYSE:CMS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities analysts have also issued reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CMS Energy in a research report on Wednesday, January 21st. Morgan Stanley raised their price target on shares of CMS Energy from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. upped their price target on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Bank of America set a $82.00 price objective on CMS Energy in a research note on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $78.31.

CMS Energy Trading Up 2.6%

Shares of CMS stock opened at $76.71 on Friday. The stock has a market capitalization of $23.50 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.65 and a beta of 0.47. The company’s fifty day simple moving average is $71.04 and its two-hundred day simple moving average is $72.29. CMS Energy has a 1 year low of $67.71 and a 1 year high of $76.78. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.98 and a quick ratio of 0.60.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 5th. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.13 billion. CMS Energy had a return on equity of 12.09% and a net margin of 12.54%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.900 EPS. As a group, analysts anticipate that CMS Energy will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On CMS Energy

A number of hedge funds and other institutional investors have recently modified their holdings of CMS. Sound Income Strategies LLC raised its holdings in shares of CMS Energy by 84.4% during the 4th quarter. Sound Income Strategies LLC now owns 343 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. HM Payson & Co. grew its position in CMS Energy by 65.6% during the third quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares during the last quarter. First Horizon Corp purchased a new position in shares of CMS Energy during the third quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of CMS Energy in the 4th quarter worth approximately $29,000. Finally, Covestor Ltd lifted its holdings in shares of CMS Energy by 52.0% in the 3rd quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About CMS Energy

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.