Wealthfront Advisers LLC trimmed its holdings in shares of CMS Energy Co. (NYSE:CMS) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,830 shares of the utilities provider’s stock after selling 272 shares during the period. Wealthfront Advisers LLC’s holdings in CMS Energy were worth $2,817,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Lenox Wealth Advisors LLC acquired a new position in shares of CMS Energy during the 3rd quarter worth about $26,000. Gradient Investments LLC boosted its stake in shares of CMS Energy by 37.9% during the 4th quarter. Gradient Investments LLC now owns 597 shares of the utilities provider’s stock worth $38,000 after buying an additional 164 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in CMS Energy by 114.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 731 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 390 shares during the last quarter. Parallel Advisors LLC lifted its stake in CMS Energy by 32.2% in the 3rd quarter. Parallel Advisors LLC now owns 759 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 185 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CMS Energy in the 3rd quarter valued at about $96,000. Institutional investors own 92.12% of the company’s stock.
CMS has been the subject of several recent analyst reports. Citigroup cut their target price on shares of CMS Energy from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Co reiterated a “buy” rating on shares of CMS Energy in a research note on Monday, December 9th. Goldman Sachs Group upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $68.00 in a research note on Wednesday, January 15th. ValuEngine downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks raised their target price on shares of CMS Energy from $62.00 to $63.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $65.00.
Shares of NYSE:CMS opened at $66.21 on Wednesday. CMS Energy Co. has a 52-week low of $50.08 and a 52-week high of $66.21. The company has a market capitalization of $18.63 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 4.00 and a beta of 0.06. The company has a 50-day simple moving average of $62.68 and a 200 day simple moving average of $61.82. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.74 and a current ratio of 1.06.
CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 24th. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.65 billion. CMS Energy had a net margin of 9.03% and a return on equity of 12.80%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. As a group, equities analysts forecast that CMS Energy Co. will post 2.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be issued a $0.4075 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.38. This represents a $1.63 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, February 6th. CMS Energy’s dividend payout ratio is currently 65.67%.
In other CMS Energy news, Director Jon E. Barfield sold 8,390 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $60.75, for a total value of $509,692.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John G. Russell sold 5,600 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.46, for a total transaction of $349,776.00. Following the completion of the transaction, the director now directly owns 195,711 shares in the company, valued at $12,224,109.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,690 shares of company stock worth $1,651,360. Insiders own 0.52% of the company’s stock.
About CMS Energy
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
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