Massmutual Trust Co. FSB ADV Purchases 236 Shares of CMS Energy Co. (NYSE:CMS)

Massmutual Trust Co. FSB ADV increased its position in CMS Energy Co. (NYSE:CMS) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,767 shares of the utilities provider’s stock after purchasing an additional 236 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in CMS Energy were worth $224,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its position in CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 185 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in CMS Energy by 0.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock worth $1,228,000 after buying an additional 192 shares during the period. Parallel Advisors LLC lifted its holdings in shares of CMS Energy by 19.8% during the fourth quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock worth $85,000 after buying an additional 241 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of CMS Energy by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 8,680 shares of the utilities provider’s stock valued at $524,000 after acquiring an additional 270 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of CMS Energy by 2.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,394 shares of the utilities provider’s stock valued at $604,000 after acquiring an additional 289 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Price Performance

Shares of NYSE CMS traded down $1.60 during midday trading on Monday, hitting $64.52. 2,244,278 shares of the company’s stock were exchanged, compared to its average volume of 2,396,701. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The business’s fifty day moving average price is $60.99 and its two-hundred day moving average price is $59.70. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $67.77. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.64 and a beta of 0.38.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted $0.75 EPS. CMS Energy’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, August 2nd. CMS Energy’s dividend payout ratio is presently 62.80%.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the sale, the director now owns 14,556 shares in the company, valued at $884,859.24. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. KeyCorp boosted their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Guggenheim lifted their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays increased their price objective on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley reduced their price objective on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.00.

CMS Energy Company 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.