Wealthfront Advisers LLC Increases Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Wealthfront Advisers LLC boosted its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 13.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,030 shares of the utilities provider's stock after purchasing an additional 21,011 shares during the quarter. Wealthfront Advisers LLC owned 0.06% of CMS Energy worth $12,921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CMS. Private Trust Co. NA increased its holdings in CMS Energy by 14.4% in the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock valued at $110,000 after buying an additional 185 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of CMS Energy by 9.4% during the 1st quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock valued at $350,000 after purchasing an additional 400 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after acquiring an additional 392 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in CMS Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after acquiring an additional 950 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in CMS Energy by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after acquiring an additional 15,918 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

CMS traded up $0.91 during trading on Friday, hitting $71.76. 313,010 shares of the company traded hands, compared to its average volume of 2,322,783. The firm has a market cap of $21.46 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 2.52 and a beta of 0.38. The stock's fifty day moving average is $70.00 and its 200 day moving average is $70.42. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. CMS Energy Corporation has a one year low of $60.84 and a one year high of $76.45.

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

Wall Street Analyst Weigh In

CMS has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Wells Fargo & Company boosted their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Jefferies Financial Group upped their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Finally, UBS Group upped their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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 dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the transaction, the senior vice president owned 69,571 shares in the company, valued at $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate 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.