Greenleaf Trust Grows Stock Position in CMS Energy Co. (NYSE:CMS)

Greenleaf Trust grew its position in shares of CMS Energy Co. (NYSE:CMS) by 31.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,446 shares of the utilities provider’s stock after purchasing an additional 2,503 shares during the quarter. Greenleaf Trust’s holdings in CMS Energy were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headinvest LLC purchased a new stake in CMS Energy during the third quarter valued at about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of CMS Energy during the 3rd quarter valued at approximately $36,000. Tobam boosted its holdings in CMS Energy by 2,432.3% in the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the period. CVA Family Office LLC purchased a new position in CMS Energy in the 4th quarter valued at approximately $47,000. Finally, Quent Capital LLC grew its stake in CMS Energy by 63.8% in the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after buying an additional 323 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada cut their price target on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. BMO Capital Markets increased their price target on shares of CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Guggenheim raised shares of CMS Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $64.00 in a research note on Friday, February 2nd. Finally, Barclays decreased their target price on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

CMS Energy Stock Performance

Shares of CMS opened at $60.00 on Tuesday. The company has a market cap of $17.92 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.31 and a beta of 0.38. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The stock has a 50-day moving average price of $58.50 and a 200-day moving average price of $57.29. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. As a group, equities analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.43%. CMS Energy’s dividend payout ratio (DPR) is presently 68.44%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

CMS Energy 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.