Blue Trust Inc. Buys 3,231 Shares of CMS Energy Co. (NYSE:CMS)

Blue Trust Inc. increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 52.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,371 shares of the utilities provider’s stock after acquiring an additional 3,231 shares during the quarter. Blue Trust Inc.’s holdings in CMS Energy were worth $662,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. AQR Capital Management LLC boosted its holdings in shares of CMS Energy by 21.6% during the second quarter. AQR Capital Management LLC now owns 154,755 shares of the utilities provider’s stock worth $9,205,000 after acquiring an additional 27,525 shares during the period. The Manufacturers Life Insurance Company boosted its stake in CMS Energy by 16.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 187,111 shares of the utilities provider’s stock valued at $11,139,000 after purchasing an additional 26,379 shares during the period. Mackenzie Financial Corp grew its holdings in CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares in the last quarter. Truist Financial Corp increased its position in CMS Energy by 29.9% during the 2nd quarter. Truist Financial Corp now owns 735,233 shares of the utilities provider’s stock worth $43,768,000 after buying an additional 169,160 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of CMS Energy by 6.2% during the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock worth $1,658,000 after buying an additional 1,631 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMS. Guggenheim downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Barclays boosted their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Jefferies Financial Group began coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Insiders Place Their Bets

In other news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares in the company, valued at approximately $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock valued at $2,228,084 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $66.24 on Friday. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 2.46 and a beta of 0.42. The company has a 50 day simple moving average of $67.19 and a 200 day simple moving average of $67.62.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $0.61 EPS. CMS Energy’s revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

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.