CMS Energy Co. (NYSE:CMS) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lessened its stake in shares of CMS Energy Co. (NYSE:CMS) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,732 shares of the utilities provider’s stock after selling 159 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CMS Energy were worth $249,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after purchasing an additional 851,364 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after acquiring an additional 719,093 shares during the last quarter. National Bank of Canada FI grew its stake in CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after acquiring an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock valued at $46,664,000 after acquiring an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after purchasing an additional 479,336 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMS shares. Wells Fargo & Company increased their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. KeyCorp boosted their target price 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. Jefferies Financial Group began coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target for the company. Finally, Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Insider Activity at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at $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. Over the last three months, insiders sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.53% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS opened at $66.66 on Thursday. The company has a market cap of $19.92 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.52 and a beta of 0.42. 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 50-day moving average of $67.43 and a two-hundred day moving average of $67.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. As a group, analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current 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.