CMS Energy Co. (NYSE:CMS) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in shares of CMS Energy Co. (NYSE:CMS) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 5,439 shares of the utilities provider’s stock after buying an additional 379 shares during the quarter. Ballentine Partners LLC’s holdings in CMS Energy were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Meeder Advisory Services Inc. boosted its holdings in CMS Energy by 10.6% in the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock valued at $842,000 after purchasing an additional 1,147 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of CMS Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock valued at $1,658,000 after buying an additional 1,631 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of CMS Energy by 992.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after buying an additional 228,501 shares during the last quarter. Massachusetts Financial Services Co. MA raised 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 worth $537,503,000 after acquiring an additional 719,093 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after acquiring an additional 5,662 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction dated 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 directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,686 shares of company stock worth $2,228,084 over the last 90 days. Company insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $65.75 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average price of $67.38 and a 200 day moving average price of $67.38. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a market cap of $19.64 billion, a P/E ratio of 18.79, a PEG ratio of 2.46 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share 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 analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

Analyst Ratings Changes

CMS has been the topic of several research reports. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Friday. KeyCorp lifted their price target on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets lowered their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, Guggenheim downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.