Oxler Private Wealth LLC Cuts Position in CMS Energy Co. (NYSE:CMS)

Oxler Private Wealth LLC trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,491 shares of the utilities provider’s stock after selling 278 shares during the period. Oxler Private Wealth LLC’s holdings in CMS Energy were worth $299,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mackenzie Financial Corp raised its stake in CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. increased its holdings in shares of CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after purchasing an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 187 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its position in CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after purchasing an additional 200 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Activity at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were 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 in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % 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 worth $2,228,084. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the subject of several recent analyst reports. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Morgan Stanley decreased their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group initiated coverage on CMS Energy in a research note on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

CMS Energy Stock Performance

CMS opened at $66.00 on Friday. The company’s 50 day moving average is $67.13 and its 200 day moving average is $67.61. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company has a market cap of $19.72 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.38 and a beta of 0.42. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.

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

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.