CMS Energy Co. (NYSE:CMS) Stake Raised by Advisory Alpha LLC

Advisory Alpha LLC raised its holdings in shares of CMS Energy Co. (NYSE:CMS) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,206 shares of the utilities provider’s stock after acquiring an additional 593 shares during the quarter. Advisory Alpha LLC’s holdings in CMS Energy were worth $480,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ballentine Partners LLC boosted its holdings in shares of CMS Energy by 7.5% during the fourth quarter. Ballentine Partners LLC now owns 5,439 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 379 shares during the period. LVW Advisors LLC lifted its position in CMS Energy by 6.9% in the 4th quarter. LVW Advisors LLC now owns 4,172 shares of the utilities provider’s stock worth $278,000 after buying an additional 269 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of CMS Energy by 15.0% during the 4th quarter. HB Wealth Management LLC now owns 23,254 shares of the utilities provider’s stock valued at $1,550,000 after buying an additional 3,041 shares during the period. Hennessy Advisors Inc. grew its holdings in shares of CMS Energy by 2.7% during the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock valued at $11,377,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Mirador Capital Partners LP increased its stake in shares of CMS Energy by 3.8% in the fourth quarter. Mirador Capital Partners LP now owns 14,121 shares of the utilities provider’s stock worth $941,000 after acquiring an additional 516 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $66.66 on Thursday. 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 business has a 50 day moving average price of $67.43 and a 200 day moving average price of $67.40. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 2.52 and a beta of 0.42. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business earned $0.61 earnings per share. CMS Energy’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s 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 completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock worth $2,228,084 in the last ninety days. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CMS shares. BMO Capital Markets reduced their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Finally, KeyCorp raised their price target 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

CMS Energy 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.