Raymond James Financial Services Advisors Inc. Has $2.19 Million Holdings in CMS Energy Co. (NYSE:CMS)

Raymond James Financial Services Advisors Inc. grew its stake in CMS Energy Co. (NYSE:CMSGet Rating) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,279 shares of the utilities provider’s stock after purchasing an additional 453 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in CMS Energy were worth $2,188,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of CMS Energy by 4.1% in the fourth quarter. BlackRock Inc. now owns 26,291,806 shares of the utilities provider’s stock valued at $1,710,283,000 after buying an additional 1,029,930 shares during the period. Miller Howard Investments Inc. NY grew its position in CMS Energy by 1,269.1% during the first quarter. Miller Howard Investments Inc. NY now owns 915,652 shares of the utilities provider’s stock worth $64,041,000 after buying an additional 848,773 shares in the last quarter. 1832 Asset Management L.P. grew its position in CMS Energy by 278.9% during the fourth quarter. 1832 Asset Management L.P. now owns 765,464 shares of the utilities provider’s stock worth $50,354,000 after buying an additional 563,440 shares in the last quarter. Point72 Asset Management L.P. grew its position in CMS Energy by 593.7% during the fourth quarter. Point72 Asset Management L.P. now owns 460,700 shares of the utilities provider’s stock worth $29,969,000 after buying an additional 394,292 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in CMS Energy by 7.6% during the fourth quarter. Invesco Ltd. now owns 4,159,024 shares of the utilities provider’s stock worth $270,546,000 after purchasing an additional 294,056 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Shaun M. Johnson sold 736 shares of the business’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $67.77, for a total transaction of $49,878.72. Following the sale, the senior vice president now directly owns 44,543 shares of the company’s stock, valued at $3,018,679.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jon E. Barfield sold 1,267 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $69.44, for a total transaction of $87,980.48. Following the completion of the transaction, the director now owns 13,620 shares in the company, valued at approximately $945,772.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Shaun M. Johnson sold 736 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $67.77, for a total transaction of $49,878.72. Following the sale, the senior vice president now directly owns 44,543 shares of the company’s stock, valued at approximately $3,018,679.11. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $67.37 on Wednesday. The company has a market capitalization of $19.55 billion, a PE ratio of 14.85, a P/E/G ratio of 2.81 and a beta of 0.28. CMS Energy Co. has a fifty-two week low of $58.51 and a fifty-two week high of $73.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.65 and a current ratio of 1.00. The company has a 50 day moving average price of $67.63 and a 200-day moving average price of $67.82.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Tuesday, September 6th will be issued a $4.50 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.46. This represents a $18.00 annualized dividend and a yield of 26.72%. The ex-dividend date is Friday, September 2nd. CMS Energy’s payout ratio is currently 40.44%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMS. Morgan Stanley boosted their target price on CMS Energy from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. BMO Capital Markets cut their price target on CMS Energy from $80.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. Mizuho cut their price target on CMS Energy from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Finally, Barclays cut their target price on CMS Energy from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, CMS Energy currently has an average rating of “Hold” and a consensus target price of $71.00.

CMS Energy Profile

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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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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