2,586 Shares in CMS Energy Co. (NYSE:CMS) Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC bought a new position in CMS Energy Co. (NYSE:CMSGet Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,586 shares of the utilities provider’s stock, valued at approximately $181,000.

A number of other large investors have also added to or reduced their stakes in CMS. Quent Capital LLC bought a new stake in shares of CMS Energy during the 4th quarter valued at $38,000. AGF Investments LLC bought a new stake in shares of CMS Energy during the 1st quarter valued at $39,000. Covestor Ltd bought a new stake in shares of CMS Energy during the 4th quarter valued at $54,000. Cranbrook Wealth Management LLC bought a new position in CMS Energy in the 1st quarter worth $61,000. Finally, Cambridge Trust Co. boosted its holdings in CMS Energy by 334.1% in the 1st quarter. Cambridge Trust Co. now owns 890 shares of the utilities provider’s stock worth $62,000 after buying an additional 685 shares during the period. Institutional investors own 92.62% of the company’s stock.

CMS Energy Price Performance

NYSE CMS opened at $69.85 on Monday. 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 firm’s 50 day moving average price is $67.90 and its 200-day moving average price is $68.20. CMS Energy Co. has a 52-week low of $58.51 and a 52-week high of $73.76. The company has a market cap of $20.27 billion, a PE ratio of 15.35, a P/E/G ratio of 2.93 and a beta of 0.28.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Tuesday, September 6th will be paid a dividend of $4.50 per share. The ex-dividend date is Friday, September 2nd. This is an increase from CMS Energy’s previous quarterly dividend of $0.46. This represents a $18.00 dividend on an annualized basis and a dividend yield of 25.77%. CMS Energy’s dividend payout ratio (DPR) is currently 40.44%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Mizuho decreased their price target on shares of CMS Energy from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Barclays cut their price target on shares of CMS Energy from $76.00 to $72.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. BMO Capital Markets cut their price target on shares of CMS Energy from $80.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, June 27th. Finally, Morgan Stanley upped their price target on shares of CMS Energy from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, August 23rd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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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