Blue Trust Inc. Buys 3,231 Shares of CMS Energy Co. (NYSE:CMS)

Blue Trust Inc. raised its position in CMS Energy Co. (NYSE:CMS) by 52.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,371 shares of the utilities provider’s stock after buying an additional 3,231 shares during the period. Blue Trust Inc.’s holdings in CMS Energy were worth $662,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the period. Brooklyn Investment Group bought a new position in shares of CMS Energy in the 3rd quarter valued at about $40,000. Covestor Ltd grew its position in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the period. Values First Advisors Inc. bought a new stake in shares of CMS Energy during the third quarter worth approximately $56,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMS has been the subject of a number of analyst reports. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets lowered their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating 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, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

CMS Energy Price Performance

CMS stock opened at $66.24 on Friday. The stock has a 50-day moving average price of $67.19 and a two-hundred day moving average price of $67.62. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The stock has a market cap of $19.79 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.46 and a beta of 0.42. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data 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. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $0.61 earnings per share. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

Insider Activity

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock worth $2,228,084 over the last ninety days. Insiders own 0.40% of the company’s stock.

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.