CMS Energy Corporation (NYSE:CMS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,628,648 shares of the utilities provider's stock after selling 112,741 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.22% of CMS Energy worth $723,208,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Optiver Holding B.V. increased its position in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares during the period. Mizuho Bank Ltd. acquired a new position in CMS Energy during the fourth quarter valued at approximately $61,000. Bernard Wealth Management Corp. acquired a new position in CMS Energy during the first quarter valued at approximately $72,000. NBC Securities Inc. acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $75,000. Finally, Covestor Ltd lifted its position in shares of CMS Energy by 51.9% in the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after buying an additional 364 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction 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 transaction, the senior vice president directly owned 69,571 shares of the company's stock, valued at $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

CMS Energy Trading Down 0.2%

CMS traded down $0.18 during mid-day trading on Tuesday, hitting $70.38. 2,108,991 shares of the stock were exchanged, compared to its average volume of 2,331,313. The firm's fifty day moving average is $70.15 and its two-hundred day moving average is $70.39. CMS Energy Corporation has a 1-year low of $60.28 and a 1-year high of $76.45. The company has a current ratio of 1.06, a quick ratio of 0.84 and a debt-to-equity ratio of 1.87. The company has a market cap of $21.05 billion, a PE ratio of 20.88, a PEG ratio of 2.50 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company's 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. Equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMS has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Wall Street Zen upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Jefferies Financial Group increased their target price on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Scotiabank reiterated an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

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.