MassMutual Private Wealth & Trust FSB Sells 159 Shares of CMS Energy Co. (NYSE:CMS)

MassMutual Private Wealth & Trust FSB cut its holdings in shares of CMS Energy Co. (NYSE:CMS) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of CMS Energy by 201.7% in the 2nd quarter. Federated Hermes Inc. now owns 3,234 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 2,162 shares during the period. Dimensional Fund Advisors LP raised its holdings in CMS Energy by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after purchasing an additional 233,633 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of CMS Energy by 12.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 23,296 shares of the utilities provider’s stock valued at $1,387,000 after buying an additional 2,657 shares during the last quarter. Beck Bode LLC boosted its holdings in shares of CMS Energy by 991.3% in the 2nd quarter. Beck Bode LLC now owns 216,324 shares of the utilities provider’s stock valued at $12,878,000 after buying an additional 196,501 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of CMS Energy by 1,543.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,847 shares of the utilities provider’s stock worth $646,000 after acquiring an additional 10,187 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Down 2.4 %

Shares of CMS Energy stock opened at $66.66 on Thursday. 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 $19.92 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42. The firm has a fifty day moving average price of $67.43 and a 200 day moving average price of $67.40.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping 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 firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays raised their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets reduced their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. KeyCorp raised their price target on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Morgan Stanley cut their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group began coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were 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 of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated 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 directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. The trade was 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 three months. 0.53% of the stock is currently owned by corporate insiders.

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.