Artemis Investment Management LLP Has $15.01 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Artemis Investment Management LLP decreased its position in CMS Energy Co. (NYSE:CMS) by 41.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,134 shares of the utilities provider’s stock after selling 158,533 shares during the quarter. Artemis Investment Management LLP owned 0.08% of CMS Energy worth $15,005,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC grew its position in shares of CMS Energy by 15.0% in the fourth quarter. HB Wealth Management LLC now owns 23,254 shares of the utilities provider’s stock valued at $1,550,000 after purchasing an additional 3,041 shares during the last quarter. Hennessy Advisors Inc. increased its position in CMS Energy by 2.7% during the 4th quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider’s stock worth $11,377,000 after buying an additional 4,500 shares during the period. Mirador Capital Partners LP lifted its holdings in shares of CMS Energy by 3.8% during the fourth quarter. Mirador Capital Partners LP now owns 14,121 shares of the utilities provider’s stock worth $941,000 after buying an additional 516 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock valued at $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in CMS Energy during the fourth quarter worth about $8,148,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Barclays increased their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target for the company. Morgan Stanley decreased their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Wells Fargo & Company upped their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.00.

Insider Transactions at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,686 shares of company stock worth $2,228,084 over the last three months. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Up 0.2 %

Shares of CMS opened at $68.12 on Monday. The company has a market capitalization of $20.35 billion, a PE ratio of 19.46, a PEG ratio of 2.41 and a beta of 0.42. The stock’s 50-day moving average price is $67.43 and its two-hundred day moving average price is $67.27. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Company 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.