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

LVW Advisors LLC grew its position in shares of CMS Energy Co. (NYSE:CMS) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 also recently added to or reduced their stakes in CMS. Meeder Advisory Services Inc. increased its holdings in shares of CMS Energy by 10.6% in the 3rd quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 1,147 shares in the last quarter. Cetera Investment Advisers increased its holdings in CMS Energy by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock worth $1,658,000 after buying an additional 1,631 shares in the last quarter. Mizuho Securities USA LLC raised its position in CMS Energy by 992.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock worth $18,075,000 after buying an additional 228,501 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after acquiring an additional 719,093 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in shares of CMS Energy by 53.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 50,685 shares of the utilities provider’s stock valued at $3,017,000 after acquiring an additional 17,642 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

NYSE CMS opened at $68.12 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The business has a 50-day moving average price of $67.43 and a 200-day moving average price of $67.27. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.41 and a beta of 0.42.

CMS Energy (NYSE:CMS) last announced 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the 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 completion of the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Monday, November 18th. The stock was 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 of the company’s stock, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock worth $2,228,084 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMS. BMO Capital Markets lowered their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. KeyCorp increased their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Mizuho downgraded CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Morgan Stanley cut their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus 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.