AQR Capital Management LLC grew its holdings in CMS Energy Co. (NYSE:CMS) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,645 shares of the utilities provider’s stock after purchasing an additional 44,951 shares during the quarter. AQR Capital Management LLC owned about 0.23% of CMS Energy worth $32,568,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Manning & Napier Group LLC increased its holdings in CMS Energy by 3.8% in the 3rd quarter. Manning & Napier Group LLC now owns 28,266 shares of the utilities provider’s stock valued at $1,384,000 after purchasing an additional 1,045 shares during the last quarter. Personal Capital Advisors Corp grew its stake in shares of CMS Energy by 1,361.0% in the third quarter. Personal Capital Advisors Corp now owns 149,023 shares of the utilities provider’s stock worth $7,302,000 after acquiring an additional 138,823 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of CMS Energy in the third quarter worth $134,000. Cubist Systematic Strategies LLC acquired a new position in shares of CMS Energy in the second quarter worth $822,000. Finally, WINTON GROUP Ltd grew its stake in shares of CMS Energy by 1,931.3% in the third quarter. WINTON GROUP Ltd now owns 351,854 shares of the utilities provider’s stock worth $17,241,000 after acquiring an additional 334,532 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.
CMS has been the subject of several research reports. Wolfe Research downgraded shares of CMS Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 26th. Wells Fargo & Co boosted their price target on shares of CMS Energy from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, September 17th. ValuEngine upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and issued a $55.00 price target on shares of CMS Energy in a research report on Tuesday, December 18th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.55.
In other news, SVP Brian F. Rich sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $49.69, for a total value of $198,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brandon J. Hofmeister sold 500 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total transaction of $25,940.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
Shares of NYSE:CMS traded down $0.09 on Friday, reaching $49.73. The company’s stock had a trading volume of 1,910,372 shares, compared to its average volume of 2,560,900. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 3.15 and a beta of 0.13. CMS Energy Co. has a 52-week low of $40.48 and a 52-week high of $53.82. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.47 and a current ratio of 0.69.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same period in the prior year, the company posted $0.62 earnings per share. As a group, research analysts forecast that CMS Energy Co. will post 2.34 EPS for the current fiscal year.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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