5,489 Shares in CMS Energy Co. (NYSE:CMS) Bought by SVB Wealth LLC

SVB Wealth LLC purchased a new stake in CMS Energy Co. (NYSE:CMS) during the 4th quarter, Holdings Channel reports. The firm purchased 5,489 shares of the utilities provider’s stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department bought a new position in shares of CMS Energy in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew its stake in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy during the 3rd quarter worth approximately $40,000. Finally, Covestor Ltd raised its stake in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMS. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Guggenheim reiterated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock. Finally, Scotiabank lifted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

Insider Activity at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,950 shares of company stock worth $2,669,620. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $72.90 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 2.56 and a beta of 0.42. The stock’s fifty day moving average price is $68.13 and its two-hundred day moving average price is $68.63. CMS Energy Co. has a one year low of $56.61 and a one year high of $75.06.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s payout ratio is presently 65.36%.

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.