Mediolanum International Funds Ltd Makes New $176,000 Investment in CMS Energy Co. (NYSE:CMS)

Mediolanum International Funds Ltd purchased a new stake in CMS Energy Co. (NYSE:CMS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,648 shares of the utilities provider’s stock, valued at approximately $176,000.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the period. Geode Capital Management LLC grew its stake in CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after acquiring an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of CMS Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after purchasing an additional 25,196 shares during the period. Finally, Brookfield Corp ON raised its holdings in shares of CMS Energy by 0.6% during the third quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock worth $84,743,000 after acquiring an additional 7,142 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’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 transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction dated 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 sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % 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 three months. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of a number of research reports. Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Scotiabank lifted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim cut shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Price Performance

CMS stock opened at $66.00 on Monday. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.38 and a beta of 0.42. 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 company has a 50 day simple moving average of $67.06 and a 200 day simple moving average of $67.69. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40.

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. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Company 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.