CMS Energy Co. (NYSE:CMS) Shares Bought by Advisory Alpha LLC

Advisory Alpha LLC grew its position in CMS Energy Co. (NYSE:CMS) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CMS. Ballentine Partners LLC increased its stake in CMS Energy by 7.5% during the fourth quarter. Ballentine Partners LLC now owns 5,439 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 379 shares during the last quarter. LVW Advisors LLC grew its position in shares of CMS Energy by 6.9% during the 4th quarter. LVW Advisors LLC now owns 4,172 shares of the utilities provider’s stock valued at $278,000 after buying an additional 269 shares during the last quarter. HB Wealth Management LLC grew its position 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 last quarter. Hennessy Advisors Inc. raised its stake in CMS Energy by 2.7% during the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock worth $11,377,000 after acquiring an additional 4,500 shares during the period. Finally, Mirador Capital Partners LP lifted its holdings in 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. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Russell sold 28,750 shares of CMS Energy 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 completion of the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % 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 three months. 0.53% of the stock is currently owned by insiders.

CMS Energy Price Performance

Shares of NYSE CMS opened at $66.66 on Thursday. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average of $67.43 and a two-hundred day moving average of $67.40. The company has a market capitalization 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 (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion during 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 business’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 earnings per share. As a group, analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on CMS shares. Barclays upped their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets reduced their price target on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, KeyCorp raised their target price on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target 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.