LVW Advisors LLC Grows Stock Position in CMS Energy Co. (NYSE:CMS)

LVW Advisors LLC boosted its position in shares of CMS Energy Co. (NYSE:CMS) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,172 shares of the utilities provider’s stock after buying an additional 269 shares during the quarter. LVW Advisors LLC’s holdings in CMS Energy were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CMS. Raymond James & Associates boosted its stake in shares of CMS Energy by 310.2% during the 3rd 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 during the period. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 10.4% during the third 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 grew its stake in shares of CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after buying an additional 715,891 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after buying an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of CMS Energy by 552.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after acquiring an additional 479,336 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of CMS stock opened at $68.12 on Tuesday. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.41 and a beta of 0.42. The stock’s 50-day simple moving average is $67.43 and its 200-day simple moving average is $67.27.

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

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CMS. BMO Capital Markets reduced their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley reduced 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 note on Friday, November 22nd. Barclays boosted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group assumed coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has an average 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.