Cerity Partners LLC Has $2.61 Million Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Cerity Partners LLC raised its position in CMS Energy Corporation (NYSE:CMS) by 32.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,681 shares of the utilities provider’s stock after purchasing an additional 8,536 shares during the quarter. Cerity Partners LLC’s holdings in CMS Energy were worth $2,605,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CMS. Optiver Holding B.V. lifted its stake in shares of CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 229 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of CMS Energy in the fourth quarter worth approximately $61,000. Covestor Ltd boosted its position in shares of CMS Energy by 51.9% during the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 364 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy during the 1st quarter valued at about $72,000. Finally, Quarry LP boosted its position in shares of CMS Energy by 36.5% during the 4th quarter. Quarry LP now owns 1,118 shares of the utilities provider’s stock valued at $75,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $71.90 on Friday. The company’s fifty day moving average price is $69.99 and its 200-day moving average price is $70.48. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.56 and a beta of 0.38. CMS Energy Corporation has a one year low of $61.25 and a one year high of $76.45. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. On average, equities research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CMS shares. Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Wells Fargo & Company boosted their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Scotiabank reissued an “outperform” rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Finally, Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a research report on Monday, July 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the sale, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

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.