Wealthfront Advisers LLC Grows Position in CMS Energy Co. (NYSE:CMS)

Wealthfront Advisers LLC boosted its stake in CMS Energy Co. (NYSE:CMS) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,102 shares of the utilities provider’s stock after purchasing an additional 704 shares during the quarter. Wealthfront Advisers LLC’s holdings in CMS Energy were worth $2,884,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CMS. JPMorgan Chase & Co. grew its holdings in CMS Energy by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 16,830,525 shares of the utilities provider’s stock valued at $967,922,000 after purchasing an additional 1,064,151 shares during the period. Nuveen Asset Management LLC grew its stake in CMS Energy by 316.8% during the second quarter. Nuveen Asset Management LLC now owns 1,226,800 shares of the utilities provider’s stock worth $71,044,000 after buying an additional 932,469 shares during the period. Pictet Asset Management Ltd. grew its stake in CMS Energy by 26.6% during the second quarter. Pictet Asset Management Ltd. now owns 4,041,468 shares of the utilities provider’s stock worth $234,041,000 after buying an additional 849,647 shares during the period. Scout Investments Inc. grew its stake in CMS Energy by 72.4% during the second quarter. Scout Investments Inc. now owns 1,508,302 shares of the utilities provider’s stock worth $87,346,000 after buying an additional 633,549 shares during the period. Finally, Invesco Ltd. grew its stake in CMS Energy by 12.0% during the second quarter. Invesco Ltd. now owns 4,951,936 shares of the utilities provider’s stock worth $286,766,000 after buying an additional 530,360 shares during the period. Hedge funds and other institutional investors own 92.49% of the company’s stock.

Several equities research analysts have issued reports on CMS shares. ValuEngine downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective on shares of CMS Energy from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday. SunTrust Banks boosted their price objective on shares of CMS Energy from $62.00 to $63.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Morgan Stanley boosted their price objective on shares of CMS Energy from $59.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Finally, Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating and set a $67.00 price objective for the company. in a research note on Monday, September 23rd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. CMS Energy has a consensus rating of “Hold” and an average price target of $61.21.

Shares of CMS stock traded up $0.21 on Wednesday, hitting $63.44. The stock had a trading volume of 600,866 shares, compared to its average volume of 1,887,980. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 3.99 and a beta of 0.09. The stock’s 50 day moving average is $63.28 and its 200-day moving average is $58.84. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.71 and a current ratio of 0.94. CMS Energy Co. has a 52-week low of $47.63 and a 52-week high of $65.31.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.11). The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. CMS Energy had a net margin of 8.41% and a return on equity of 12.13%. CMS Energy’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. Equities analysts expect that CMS Energy Co. will post 2.49 earnings per share for the current year.

In other news, SVP Brandon J. Hofmeister sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $62.36, for a total value of $31,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Russell sold 5,600 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $57.78, for a total transaction of $323,568.00. Following the completion of the transaction, the director now owns 290,711 shares of the company’s stock, valued at $16,797,281.58. The disclosure for this sale can be found here. Insiders sold 88,300 shares of company stock valued at $5,432,186 over the last 90 days. Insiders own 0.52% of the company’s stock.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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

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