AlphaQuest LLC Has $3.61 Million Position in CMS Energy Corporation $CMS

AlphaQuest LLC grew its holdings in CMS Energy Corporation (NYSE:CMS) by 427.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,204 shares of the utilities provider’s stock after buying an additional 39,870 shares during the quarter. AlphaQuest LLC’s holdings in CMS Energy were worth $3,605,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HM Payson & Co. boosted its position in shares of CMS Energy by 65.6% during the 3rd quarter. HM Payson & Co. now owns 356 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 141 shares in the last quarter. First Horizon Corp acquired a new position in CMS Energy in the third quarter worth about $26,000. Covestor Ltd lifted its stake in CMS Energy by 52.0% during the third quarter. Covestor Ltd now owns 424 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 145 shares during the period. Trust Co. of Vermont boosted its holdings in CMS Energy by 127.7% during the second quarter. Trust Co. of Vermont now owns 535 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 300 shares in the last quarter. Finally, Tobam boosted its holdings in CMS Energy by 35.0% during the second quarter. Tobam now owns 559 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 145 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

CMS stock opened at $70.86 on Friday. The company has a 50 day moving average price of $71.16 and a 200 day moving average price of $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 current ratio of 0.90 and a quick ratio of 0.60. The stock 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 released its earnings results on Thursday, October 30th. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. CMS Energy had a return on equity of 12.10% and a net margin of 12.62%.The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent research reports. UBS Group dropped their target price on CMS Energy from $81.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Wall Street Zen lowered CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Wells Fargo & Company cut their price objective on CMS Energy from $77.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. JPMorgan Chase & Co. upped their target price on shares of CMS Energy from $80.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CMS Energy in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.25.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 4,000 shares of CMS Energy stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $72.47, for a total value of $289,880.00. Following the completion of the sale, the senior vice president directly owned 64,259 shares in the company, valued at $4,656,849.73. This trade represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

CMS Energy 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.