Russell Investments Group Ltd. Grows Stock Holdings in CMS Energy Co. (NYSE:CMS)

Russell Investments Group Ltd. grew its holdings in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 55.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 660,389 shares of the utilities provider’s stock after purchasing an additional 234,857 shares during the period. Russell Investments Group Ltd.’s holdings in CMS Energy were worth $38,461,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of CMS Energy by 2.7% during the second quarter. State Street Corp now owns 16,773,429 shares of the utilities provider’s stock valued at $1,132,206,000 after purchasing an additional 441,528 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CMS Energy by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 16,252,772 shares of the utilities provider’s stock valued at $1,097,061,000 after purchasing an additional 61,795 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of CMS Energy by 157.3% during the second quarter. Wells Fargo & Company MN now owns 5,757,684 shares of the utilities provider’s stock valued at $388,644,000 after purchasing an additional 3,519,691 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of CMS Energy by 60.3% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,319,800 shares of the utilities provider’s stock valued at $291,586,000 after purchasing an additional 1,625,800 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of CMS Energy by 0.3% during the first quarter. Invesco Ltd. now owns 4,172,552 shares of the utilities provider’s stock valued at $291,830,000 after purchasing an additional 13,528 shares during the last quarter. 92.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CMS shares. Mizuho decreased their price objective on shares of CMS Energy from $73.00 to $59.00 and set a “buy” rating for the company in a report on Friday, October 21st. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $68.00 to $74.00 in a report on Wednesday, December 14th. Morgan Stanley boosted their price objective on shares of CMS Energy from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, December 15th. Seaport Res Ptn restated a “buy” rating on shares of CMS Energy in a report on Thursday, October 6th. Finally, StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.33.

CMS Energy Trading Up 0.1 %

NYSE:CMS opened at $61.79 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.69 and a debt-to-equity ratio of 1.75. CMS Energy Co. has a 12 month low of $52.41 and a 12 month high of $73.76. The company has a market cap of $17.93 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32. The company has a 50 day simple moving average of $62.36 and a two-hundred day simple moving average of $63.13.

CMS Energy (NYSE:CMSGet Rating) last posted its earnings results on Thursday, October 27th. The utilities provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. CMS Energy had a net margin of 15.63% and a return on equity of 11.22%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.76 billion. Research analysts forecast that CMS Energy Co. will post 2.89 earnings per share for the current year.

Insider Activity

In other news, SVP Shaun M. Johnson sold 420 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $60.80, for a total transaction of $25,536.00. Following the completion of the sale, the senior vice president now owns 44,425 shares of the company’s stock, valued at approximately $2,701,040. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Shaun M. Johnson sold 420 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $60.80, for a total transaction of $25,536.00. Following the completion of the sale, the senior vice president now owns 44,425 shares of the company’s stock, valued at approximately $2,701,040. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 875 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.17, for a total transaction of $50,023.75. Following the sale, the chief accounting officer now directly owns 22,907 shares of the company’s stock, valued at approximately $1,309,593.19. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

CMS Energy Profile

(Get Rating)

CMS Energy Corp. is a holding company, which engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan.

See Also

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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