Captrust Financial Advisors Purchases 470 Shares of CMS Energy Co. (NYSE:CMS)

Captrust Financial Advisors increased its position in shares of CMS Energy Co. (NYSE:CMS) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,395 shares of the utilities provider’s stock after buying an additional 470 shares during the period. Captrust Financial Advisors’ holdings in CMS Energy were worth $2,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of CMS Energy by 7.6% in the 3rd quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider’s stock valued at $28,840,000 after purchasing an additional 28,695 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in CMS Energy by 3.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 117,226 shares of the utilities provider’s stock valued at $8,280,000 after buying an additional 3,390 shares during the period. Czech National Bank boosted its holdings in shares of CMS Energy by 6.5% during the 4th quarter. Czech National Bank now owns 64,783 shares of the utilities provider’s stock worth $4,318,000 after buying an additional 3,929 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $321,000. Finally, Pallas Capital Advisors LLC increased its stake in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group increased their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Wells Fargo & Company upped their price target on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Jefferies Financial Group raised their price objective on CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Bank of America boosted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $72.23 on Monday. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a market cap of $21.61 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The stock’s fifty day simple moving average is $72.88 and its two-hundred day simple moving average is $69.82.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.00%. CMS Energy’s dividend payout ratio (DPR) is currently 64.39%.

Insider Buying and Selling

In other news, Director Laura Wright sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,398 shares of company stock worth $951,327. 0.40% of the stock is owned by company insiders.

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.