International Assets Investment Management LLC Invests $4.39 Million in CMS Energy Co. (NYSE:CMS)

International Assets Investment Management LLC purchased a new stake in CMS Energy Co. (NYSE:CMS) in the fourth quarter, Holdings Channel reports. The firm purchased 75,607 shares of the utilities provider’s stock, valued at approximately $4,390,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headinvest LLC acquired a new stake in shares of CMS Energy during the third quarter worth $26,000. CVA Family Office LLC acquired a new stake in CMS Energy during the fourth quarter worth about $47,000. Quent Capital LLC lifted its holdings in CMS Energy by 63.8% in the fourth quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 323 shares during the last quarter. Centerpoint Advisors LLC grew its holdings in shares of CMS Energy by 25.0% during the third quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in CMS Energy during the 3rd quarter worth $54,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Stock Performance

Shares of CMS opened at $62.74 on Thursday. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. The company has a market capitalization of $18.70 billion, a PE ratio of 19.13, a PEG ratio of 2.51 and a beta of 0.37. The company’s 50 day moving average price is $59.31 and its 200 day moving average price is $57.84.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company posted $0.70 EPS. CMS Energy’s revenue was down 4.7% on a year-over-year basis. Research analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Ratings Changes

Several research firms recently weighed in on CMS. Wolfe Research raised shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Tuesday, January 16th. KeyCorp raised their target price on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. Scotiabank reduced their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Finally, Barclays boosted their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

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.