Mediolanum International Funds Ltd Buys Shares of 2,648 CMS Energy Co. (NYSE:CMS)

Mediolanum International Funds Ltd purchased a new position in shares of CMS Energy Co. (NYSE:CMS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,648 shares of the utilities provider’s stock, valued at approximately $176,000.

A number of other large investors have also modified their holdings of the company. Raymond James & Associates grew its stake in shares of CMS Energy by 310.2% in the third 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 in the last quarter. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after buying an additional 719,093 shares during the period. National Bank of Canada FI raised its position in shares of 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 worth $63,053,000 after buying an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of 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 worth $46,664,000 after acquiring an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of CMS Energy by 552.9% in the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after acquiring an additional 479,336 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the transaction, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,686 shares of company stock worth $2,228,084. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMS. BMO Capital Markets decreased 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. Jefferies Financial Group initiated coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Morgan Stanley decreased their price target on shares of 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. Finally, Scotiabank increased their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Trading Down 0.3 %

NYSE:CMS opened at $66.00 on Monday. The company has a market capitalization of $19.72 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.38 and a beta of 0.42. The stock’s 50 day moving average price is $67.06 and its 200 day moving average price is $67.69. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40.

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

About CMS Energy

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.