Smith Group Asset Management LLC Purchases Shares of 5,000 CMS Energy Co. (NYSE:CMS)

Smith Group Asset Management LLC purchased a new position in CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the utilities provider's stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. Raymond James & Associates raised its stake in CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock valued at $79,519,000 after purchasing an additional 851,364 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after acquiring an additional 719,093 shares during the last quarter. National Bank of Canada FI grew its position in CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock valued at $63,053,000 after acquiring an additional 715,891 shares during the last quarter. Assenagon Asset Management S.A. grew its position in CMS Energy by 760.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock valued at $46,664,000 after acquiring an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock valued at $39,978,000 after acquiring an additional 479,336 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares of the company's stock, valued at $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock valued at $2,228,084 in the last quarter. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

CMS has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of 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. Guggenheim cut shares of CMS Energy from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, Barclays raised their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.00.

CMS Energy Stock Up 0.3 %

CMS Energy stock traded up $0.19 on Thursday, hitting $65.96. 334,956 shares of the stock traded hands, compared to its average volume of 2,021,271. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market cap of $19.71 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 2.46 and a beta of 0.42. The business's fifty day simple moving average is $67.19 and its 200 day simple moving average is $67.62. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, sell-side analysts forecast 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.