Russell Investments Group Ltd. Acquires 234,857 Shares of CMS Energy Co. (NYSE:CMS)

Russell Investments Group Ltd. increased its holdings in CMS Energy Co. (NYSE:CMSGet Rating) by 55.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,389 shares of the utilities provider’s stock after acquiring an additional 234,857 shares during the period. Russell Investments Group Ltd. owned about 0.23% of CMS Energy worth $38,461,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in CMS Energy by 5.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 308,204 shares of the utilities provider’s stock valued at $20,803,000 after purchasing an additional 16,868 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in CMS Energy by 15.9% during the second quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,912 shares of the utilities provider’s stock valued at $669,000 after purchasing an additional 1,359 shares during the period. Nwam LLC bought a new position in CMS Energy during the second quarter valued at $212,000. Texas Permanent School Fund grew its holdings in CMS Energy by 7.2% during the third quarter. Texas Permanent School Fund now owns 41,061 shares of the utilities provider’s stock valued at $2,391,000 after purchasing an additional 2,740 shares during the period. Finally, AE Wealth Management LLC grew its holdings in CMS Energy by 52.5% during the second quarter. AE Wealth Management LLC now owns 97,073 shares of the utilities provider’s stock valued at $6,552,000 after purchasing an additional 33,426 shares during the period. 92.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Shaun M. Johnson sold 420 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $60.80, for a total transaction of $25,536.00. Following the sale, the senior vice president now owns 44,425 shares in the company, valued at $2,701,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Shaun M. Johnson sold 420 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $60.80, for a total transaction of $25,536.00. Following the transaction, the senior vice president now directly owns 44,425 shares of the company’s stock, valued at $2,701,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 875 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $57.17, for a total value of $50,023.75. Following the transaction, the chief accounting officer now directly owns 22,907 shares in the company, valued at $1,309,593.19. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMS. Morgan Stanley increased their price objective on CMS Energy from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday, December 15th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th. Mizuho dropped their target price on CMS Energy from $73.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. TheStreet downgraded CMS Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, October 18th. Finally, Credit Suisse Group upgraded CMS Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $61.00 to $64.00 in a research report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.33.

CMS Energy Trading Up 0.1 %

NYSE CMS opened at $61.79 on Wednesday. The stock’s 50-day simple moving average is $62.36 and its two-hundred day simple moving average is $63.13. CMS Energy Co. has a twelve month low of $52.41 and a twelve month high of $73.76. The company has a quick ratio of 0.69, a current ratio of 1.22 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.50 and a beta of 0.32.

CMS Energy (NYSE:CMSGet Rating) last released its quarterly earnings results on Thursday, October 27th. The utilities provider reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. CMS Energy had a return on equity of 11.22% and a net margin of 15.63%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.76 billion. Research analysts forecast that CMS Energy Co. will post 2.89 EPS for the current fiscal year.

CMS Energy Company Profile

(Get Rating)

CMS Energy Corp. is a holding company, which engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment consists of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan.

See Also

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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