DekaBank Deutsche Girozentrale Buys 3,457 Shares of CMS Energy Co. (NYSE:CMS)

DekaBank Deutsche Girozentrale boosted its stake in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,575 shares of the utilities provider’s stock after buying an additional 3,457 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CMS Energy were worth $3,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMS. Hallmark Capital Management Inc. bought a new position in shares of CMS Energy in the 2nd quarter worth about $34,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of CMS Energy in the 3rd quarter worth about $34,000. Clear Street Markets LLC raised its position in shares of CMS Energy by 409.2% in the 2nd quarter. Clear Street Markets LLC now owns 606 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 487 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of CMS Energy by 63.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 320 shares in the last quarter. Finally, CX Institutional bought a new position in shares of CMS Energy in the 2nd quarter worth about $64,000. 92.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CMS Energy news, SVP Shaun M. Johnson sold 420 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $60.80, for a total transaction of $25,536.00. Following the completion of the sale, the senior vice president now directly owns 44,425 shares of the company’s stock, valued at approximately $2,701,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Shaun M. Johnson sold 420 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $60.80, for a total value of $25,536.00. Following the transaction, the senior vice president now owns 44,425 shares in the company, valued at approximately $2,701,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 875 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $57.17, for a total value of $50,023.75. Following the completion of the transaction, the chief accounting officer now owns 22,907 shares in the company, valued at approximately $1,309,593.19. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMS shares. TheStreet lowered CMS Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, October 18th. Guggenheim lowered their price objective on CMS Energy from $70.00 to $57.00 in a research report on Monday, October 24th. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th. Credit Suisse Group raised CMS Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $61.00 to $64.00 in a research report on Monday, November 21st. Finally, Morgan Stanley boosted their target price on CMS Energy from $60.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.33.

CMS Energy Stock Performance

Shares of CMS opened at $62.01 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.69 and a current ratio of 1.22. The stock has a 50 day moving average price of $62.22 and a two-hundred day moving average price of $63.19. The firm has a market capitalization of $18.00 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.50 and a beta of 0.32. CMS Energy Co. has a 52 week low of $52.41 and a 52 week high of $73.76.

CMS Energy (NYSE:CMSGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The utilities provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.76 billion. CMS Energy had a return on equity of 11.22% and a net margin of 15.63%. Equities analysts forecast that CMS Energy Co. will post 2.89 earnings per share for the current fiscal year.

CMS Energy Profile

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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.

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

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