Mutual of America Capital Management LLC Has $2.61 Million Position in CMS Energy Corporation (NYSE:CMS)

Mutual of America Capital Management LLC lowered its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 2.9% during the first quarter, Holdings Channel reports. The institutional investor owned 34,743 shares of the utilities provider’s stock after selling 1,045 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CMS Energy were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Spire Wealth Management boosted its stake in CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider’s stock worth $191,000 after buying an additional 154 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of 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 purchasing an additional 185 shares in the last quarter. Greenleaf Trust boosted its stake in shares of CMS Energy by 1.8% in the 1st quarter. Greenleaf Trust now owns 11,575 shares of the utilities provider’s stock valued at $869,000 after purchasing an additional 210 shares in the last quarter. Signaturefd LLC boosted its stake in shares of CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 220 shares in the last quarter. Finally, Optiver Holding B.V. boosted its stake in shares of CMS Energy by 39.2% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 of the company’s stock, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of CMS opened at $71.90 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The stock has a 50 day simple moving average of $69.99 and a 200 day simple moving average of $70.45. CMS Energy Corporation has a 52-week low of $60.84 and a 52-week high of $76.45. The firm has a market capitalization of $21.51 billion, a PE ratio of 21.34, a P/E/G ratio of 2.52 and a beta of 0.38.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. CMS Energy’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CMS shares. UBS Group upped their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Evercore ISI boosted their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday, April 28th. BMO Capital Markets boosted their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company boosted their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.