Stephens Consulting LLC Purchases 225 Shares of CMS Energy Co. (NYSE:CMS)

Stephens Consulting LLC increased its holdings in CMS Energy Co. (NYSE:CMS) by 5.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,327 shares of the utilities provider’s stock after buying an additional 225 shares during the period. Stephens Consulting LLC’s holdings in CMS Energy were worth $288,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Robbins Farley bought a new stake in CMS Energy during the fourth quarter valued at approximately $62,000. abrdn plc raised its position in shares of CMS Energy by 1.3% during the 4th quarter. abrdn plc now owns 980,651 shares of the utilities provider’s stock valued at $65,056,000 after buying an additional 12,550 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 235 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in CMS Energy in the fourth quarter worth $241,000. Finally, Caprock Group LLC purchased a new stake in CMS Energy during the fourth quarter valued at about $237,000. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays increased their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Guggenheim lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Trading Up 0.8 %

CMS opened at $66.52 on Tuesday. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 2.39 and a beta of 0.42. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40. The business has a 50 day simple moving average of $67.06 and a two-hundred day simple moving average of $67.73. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction 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 owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade 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 0.53% of the company’s stock.

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.