CMS Energy (NYSE:CMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “CMS Energy incurs significant costs related to the construction, operation, and closure of solid waste disposal facilities for coal ash. It estimates to incur cost of removal expenditures to comply with regulations relating to ash disposal worth $215 million from 2018 through 2022. CMS Energy’s businesses are sensitive to commodity prices. CMS Energy’s businesses are sensitive to commodity prices. An upward movement in fuel prices could increase the company’s cost of operations. Adverse decisions in regulatory cases may negatively impact CMS Energy’s earnings. However, CMS Energy’s regulated electric power operations in Michigan generate a relatively stable and growing earnings stream. In the past twelve months, shares of CMS Energy also outperformed its industry.”

Other analysts have also issued research reports about the stock. Goldman Sachs Group began coverage on shares of CMS Energy in a report on Wednesday, January 16th. They set a “neutral” rating and a $52.00 target price for the company. Citigroup boosted their price objective on shares of CMS Energy from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, December 19th. SunTrust Banks reissued a “hold” rating and set a $55.00 price target on shares of CMS Energy in a research report on Tuesday, December 18th. Scotiabank restated a “buy” rating and set a $54.00 price objective on shares of CMS Energy in a research note on Friday, December 14th. Finally, Argus boosted their price objective on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.42.

Shares of NYSE:CMS traded up $0.15 during midday trading on Monday, hitting $55.79. The company’s stock had a trading volume of 54,732 shares, compared to its average volume of 2,405,850. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.69 and a current ratio of 0.94. CMS Energy has a fifty-two week low of $42.52 and a fifty-two week high of $55.93. The company has a market cap of $15.79 billion, a P/E ratio of 23.94, a P/E/G ratio of 3.50 and a beta of 0.19.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.54 billion. CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. During the same period in the previous year, the business posted $0.51 EPS. As a group, equities analysts predict that CMS Energy will post 2.5 EPS for the current year.

In other CMS Energy news, SVP Catherine M. Reynolds sold 8,187 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total value of $434,074.74. Following the transaction, the senior vice president now directly owns 129,389 shares of the company’s stock, valued at $6,860,204.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC purchased a new stake in CMS Energy during the fourth quarter worth about $25,000. Clean Yield Group purchased a new stake in CMS Energy during the fourth quarter worth about $27,000. Cranbrook Wealth Management LLC purchased a new stake in CMS Energy during the fourth quarter worth about $30,000. Oregon Public Employees Retirement Fund increased its holdings in CMS Energy by 4,803.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock worth $30,000 after buying an additional 1,483,006 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of CMS Energy in the fourth quarter worth about $31,000. 92.79% of the stock is currently owned by institutional investors.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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