Oxler Private Wealth LLC Trims Stake in CMS Energy Co. (NYSE:CMS)

Oxler Private Wealth LLC lessened its holdings in CMS Energy Co. (NYSE:CMS) by 5.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,491 shares of the utilities provider’s stock after selling 278 shares during the period. Oxler Private Wealth LLC’s holdings in CMS Energy were worth $299,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its holdings in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Brooklyn Investment Group purchased a new stake in CMS Energy in the third quarter valued at approximately $40,000. Covestor Ltd lifted its position in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the last quarter. Values First Advisors Inc. purchased a new position in CMS Energy in the 3rd quarter worth approximately $56,000. Finally, Voisard Asset Management Group Inc. increased its holdings in shares of CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research analyst reports. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Scotiabank upped their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company boosted their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,686 shares of company stock valued at $2,228,084. Company insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $66.00 on Friday. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.38 and a beta of 0.42. The firm’s 50-day moving average price is $67.13 and its two-hundred day moving average price is $67.61. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results 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 return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $0.61 EPS. CMS Energy’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

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.