LVW Advisors LLC Makes New $313,000 Investment in CMS Energy Co. (NYSE:CMS)

LVW Advisors LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMSFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,180 shares of the utilities provider’s stock, valued at approximately $313,000.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors grew its position in shares of CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after purchasing an additional 1,234,791 shares during the period. Capital Research Global Investors boosted its holdings in CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after acquiring an additional 65,966 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after acquiring an additional 3,282,697 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock valued at $200,731,000 after acquiring an additional 883,180 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in CMS Energy by 30.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,149,298 shares of the utilities provider’s stock valued at $182,880,000 after acquiring an additional 742,390 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CMS shares. Morgan Stanley reduced their price objective on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Royal Bank of Canada lowered their price objective on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. KeyCorp upped their target price on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. BMO Capital Markets lifted their price target on shares of CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Finally, Barclays raised their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.20.

Check Out Our Latest Analysis on CMS Energy

CMS Energy Stock Performance

Shares of NYSE CMS opened at $59.53 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The firm’s 50-day moving average price is $61.07 and its two-hundred day moving average price is $59.12. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The stock has a market capitalization of $17.74 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.37 and a beta of 0.38.

CMS Energy (NYSE:CMSGet Free Report) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company posted $0.70 earnings per share. CMS Energy’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s payout ratio is 62.80%.

Insider Buying and Selling

In related news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027 shares of company stock worth $365,651. Corporate insiders own 0.53% of the company’s stock.

CMS Energy Profile

(Free Report)

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.

See Also

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

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