AE Wealth Management LLC Purchases 13,481 Shares of CMS Energy Corporation $CMS

AE Wealth Management LLC increased its position in CMS Energy Corporation (NYSE:CMS) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 244,165 shares of the utilities provider’s stock after acquiring an additional 13,481 shares during the period. AE Wealth Management LLC’s holdings in CMS Energy were worth $17,888,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CMS. Vanguard Group Inc. raised its stake in shares of CMS Energy by 1.8% in the second quarter. Vanguard Group Inc. now owns 39,044,129 shares of the utilities provider’s stock worth $2,704,977,000 after purchasing an additional 702,713 shares during the last quarter. Geode Capital Management LLC increased its holdings in CMS Energy by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,020,765 shares of the utilities provider’s stock worth $553,440,000 after buying an additional 130,059 shares in the last quarter. Norges Bank purchased a new position in CMS Energy in the 2nd quarter worth about $238,951,000. Charles Schwab Investment Management Inc. raised its position in CMS Energy by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,925,841 shares of the utilities provider’s stock worth $133,422,000 after buying an additional 22,994 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in CMS Energy by 1,048.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,460,924 shares of the utilities provider’s stock valued at $101,213,000 after acquiring an additional 1,333,743 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Wells Fargo & Company cut their target price on shares of CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Wall Street Zen lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. UBS Group lowered their price target on CMS Energy from $81.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, KeyCorp lifted their price objective on CMS Energy from $76.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.25.

CMS Energy Price Performance

NYSE CMS opened at $70.86 on Friday. The business’s fifty day moving average is $71.16 and its 200 day moving average is $72.19. CMS Energy Corporation has a fifty-two week low of $65.17 and a fifty-two week high of $76.45. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.60 and a current ratio of 0.90. The company has a market capitalization of $21.57 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.55 and a beta of 0.49.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $72.47, for a total transaction of $289,880.00. Following the transaction, the senior vice president owned 64,259 shares of the company’s stock, valued at $4,656,849.73. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Company Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.