Wedge Capital Management L L P NC Decreases Position in CMS Energy Co. (NYSE:CMS)

Wedge Capital Management L L P NC lowered its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,340 shares of the utilities provider's stock after selling 4,220 shares during the quarter. Wedge Capital Management L L P NC's holdings in CMS Energy were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMS. First Horizon Advisors Inc. increased its stake in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy in the third quarter worth approximately $40,000. Covestor Ltd raised its stake in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 472 shares in the last quarter. Values First Advisors Inc. bought a new stake in CMS Energy during the third quarter valued at approximately $56,000. Finally, Voisard Asset Management Group Inc. grew its stake in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock worth $56,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research reports. Morgan Stanley cut their target price on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, January 15th. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. KeyCorp upped their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, Barclays lifted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.00.

Insider Activity

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction 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 approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares of the company's stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock worth $2,228,084 in the last quarter. 0.53% of the stock is owned by company insiders.

CMS Energy Trading Up 0.4 %

NYSE:CMS traded up $0.28 during trading hours on Tuesday, hitting $68.36. The company had a trading volume of 1,037,618 shares, compared to its average volume of 1,663,145. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a market capitalization of $20.43 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42. The stock has a 50-day moving average price of $67.42 and a 200 day moving average price of $67.33.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, equities research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

About CMS Energy

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.