KD Logo

UBS downgrades CMS Energy Corporation (CMS) rating to a Neutral

CMS Energy Corporation’s recent filing unveils that its Senior Vice President Hofmeister Brandon J. unloaded Company’s shares for reported $99993.0 on Jun 13 ’24. In the deal valued at $59.98 per share,1,667 shares were sold. As a result of this transaction, Hofmeister Brandon J. now holds 68,330 shares worth roughly $4.03 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, BARFIELD JON E sold 2,360 shares, generating $143,458 in total proceeds. Upon selling the shares at $60.79, the Director now owns 14,556 shares.

Before that, Rich Brian F sold 2,000 shares. CMS Energy Corporation shares valued at $122,207 were divested by the Senior Vice President at a price of $61.10 per share. As a result of the transaction, Rich Brian F now holds 97,682 shares, worth roughly $5.76 million.

UBS downgraded its CMS Energy Corporation [CMS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Wolfe Research also remained covering CMS and has increased its forecast on January 16, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Seaport Research Partners revised its rating on January 08, 2024. It rated CMS as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CMS

On Tuesday, CMS Energy Corporation [NYSE:CMS] saw its stock jump 0.29% to $58.97. Over the last five days, the stock has lost -0.30%. CMS Energy Corporation shares have risen nearly 1.55% since the year began. Nevertheless, the stocks have risen 0.37% over the past one year. While a 52-week high of $63.76 was reached on 05/10/24, a 52-week low of $49.87 was recorded on 02/13/24. SMA at 50 days reached $61.02, while 200 days put it at $57.97. A total of 1.77 million shares were traded, compared to the trading of 2.32 million shares in the previous session.

Levels Of Support And Resistance For CMS Stock

The 24-hour chart illustrates a support level at 58.63, which if violated will result in even more drops to 58.28. On the upside, there is a resistance level at 59.26. A further resistance level may holdings at 59.54. The Relative Strength Index (RSI) on the 14-day chart is 41.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.07%. Stochastics%K at 22.05% indicates the stock is a holding.

Most Popular