Millennium Management LLC lowered its holdings in CMS Energy Co. (NYSE:CMS) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 865,471 shares of the utilities provider’s stock after selling 131,775 shares during the quarter. Millennium Management LLC owned 0.31% of CMS Energy worth $42,971,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in CMS. Janney Montgomery Scott LLC grew its position in CMS Energy by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,700 shares of the utilities provider’s stock valued at $2,269,000 after buying an additional 196 shares during the period. Virtus ETF Advisers LLC grew its position in shares of CMS Energy by 1.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 13,021 shares of the utilities provider’s stock valued at $646,000 after purchasing an additional 214 shares during the period. Redpoint Investment Management Pty Ltd grew its position in shares of CMS Energy by 0.4% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 50,705 shares of the utilities provider’s stock valued at $2,518,000 after purchasing an additional 218 shares during the period. Clarius Group LLC grew its position in shares of CMS Energy by 3.8% in the fourth quarter. Clarius Group LLC now owns 5,965 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 219 shares during the period. Finally, Cox Capital Mgt LLC grew its position in shares of CMS Energy by 1.6% in the fourth quarter. Cox Capital Mgt LLC now owns 14,158 shares of the utilities provider’s stock valued at $732,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.
Several research firms have recently weighed in on CMS. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. SunTrust Banks reissued a “hold” rating and issued a $56.00 price target on shares of CMS Energy in a research note on Monday, February 25th. Argus raised their price target on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Citigroup lifted their target price on shares of CMS Energy from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 19th. Finally, Scotiabank reaffirmed a “buy” rating and set a $54.00 target price on shares of CMS Energy in a research note on Friday, December 14th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CMS Energy has an average rating of “Hold” and an average price target of $53.83.In other news, SVP Catherine M. Reynolds sold 8,187 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total transaction of $434,074.74. Following the transaction, the senior vice president now directly owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.
Shares of NYSE:CMS traded up $0.04 on Friday, reaching $54.61. 49,083 shares of the company were exchanged, compared to its average volume of 2,390,347. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 2.23. CMS Energy Co. has a 1-year low of $42.52 and a 1-year high of $56.29. The stock has a market cap of $15.48 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 3.45 and a beta of 0.19.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $0.51 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 2.51 earnings per share for the current year.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
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