Massmutual Trust Co. FSB ADV Buys 236 Shares of CMS Energy Co. (NYSE:CMS)

Massmutual Trust Co. FSB ADV boosted its stake in CMS Energy Co. (NYSE:CMS) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,767 shares of the utilities provider’s stock after buying an additional 236 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in CMS Energy were worth $224,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in CMS Energy by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Capital International Investors increased its stake in shares of CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after purchasing an additional 1,234,791 shares in the last quarter. Capital Research Global Investors raised its holdings in CMS Energy by 1.2% during the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after acquiring an additional 65,966 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of CMS Energy by 320.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after buying an additional 3,282,697 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 34.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock worth $200,731,000 after purchasing an additional 883,180 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Down 2.4 %

Shares of NYSE CMS traded down $1.60 during midday trading on Monday, hitting $64.52. The company’s stock had a trading volume of 2,244,278 shares, compared to its average volume of 2,396,701. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $67.77. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $19.27 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The business’s 50 day moving average is $60.99 and its two-hundred day moving average is $59.70.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.16%. CMS Energy’s payout ratio is 62.80%.

Analyst Ratings Changes

CMS has been the subject of several research analyst reports. Morgan Stanley cut their price target on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. KeyCorp boosted their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. BMO Capital Markets increased their price objective on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Scotiabank reduced their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, Barclays increased their price target on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jon E. Barfield sold 2,360 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the sale, the director now directly owns 14,556 shares in the company, valued at approximately $884,859.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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.