BI Asset Management Fondsmaeglerselskab A S Buys 431,032 Shares of CMS Energy Corporation $CMS

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3,585.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 443,054 shares of the utilities provider’s stock after acquiring an additional 431,032 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.15% of CMS Energy worth $32,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in CMS Energy by 25.3% during the 3rd quarter. Savant Capital LLC now owns 6,971 shares of the utilities provider’s stock worth $511,000 after acquiring an additional 1,409 shares during the period. Machina Capital S.A.S. bought a new stake in shares of CMS Energy during the 3rd quarter valued at $1,096,000. Physician Wealth Advisors Inc. purchased a new position in shares of CMS Energy during the 3rd quarter valued at $40,000. Allianz Asset Management GmbH lifted its stake in shares of CMS Energy by 9.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 19,505 shares of the utilities provider’s stock valued at $1,429,000 after buying an additional 1,657 shares in the last quarter. Finally, Callan Family Office LLC boosted its holdings in CMS Energy by 4.5% in the 3rd quarter. Callan Family Office LLC now owns 6,442 shares of the utilities provider’s stock worth $472,000 after buying an additional 277 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Price Performance

CMS stock opened at $71.56 on Thursday. CMS Energy Corporation has a 52 week low of $66.38 and a 52 week high of $76.45. The firm has a market capitalization of $21.78 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. The company has a fifty day simple moving average of $70.90 and a two-hundred day simple moving average of $72.22. The company has a quick ratio of 0.60, a current ratio of 0.90 and a debt-to-equity ratio of 1.84.

Wall Street Analyst Weigh In

CMS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on CMS Energy from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wall Street Zen raised CMS Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley increased their price objective on shares of CMS Energy from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of CMS Energy in a report on Monday. Finally, Barclays cut their target price on shares of CMS Energy from $82.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.69.

CMS Energy Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.