Private Advisor Group LLC Boosts Position in CMS Energy Corporation (NYSE:CMS)

Private Advisor Group LLC boosted its position in shares of CMS Energy Corporation (NYSE:CMS) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,445 shares of the utilities provider’s stock after purchasing an additional 1,634 shares during the period. Private Advisor Group LLC’s holdings in CMS Energy were worth $3,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CMS. Private Trust Co. NA increased its holdings in CMS Energy by 14.4% in the 1st quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 185 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of CMS Energy by 9.4% in the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider’s stock valued at $350,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in CMS Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider’s stock worth $2,629,000 after acquiring an additional 950 shares in the last quarter. Cerity Partners LLC boosted its holdings in CMS Energy by 32.6% during the 1st quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,605,000 after acquiring an additional 8,536 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in CMS Energy by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider’s stock valued at $56,967,000 after acquiring an additional 15,918 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley set a $71.00 price target on CMS Energy and gave the company an “equal weight” rating in a research note on Thursday, May 22nd. Evercore ISI upped their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, April 28th. Scotiabank reissued an “outperform” rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average price target of $77.25.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

CMS stock opened at $72.93 on Thursday. The stock’s fifty day moving average is $70.20 and its two-hundred day moving average is $70.59. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.74 and a beta of 0.38. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. CMS Energy Corporation has a 1 year low of $61.42 and a 1 year high of $76.45.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, August 8th. CMS Energy’s dividend payout ratio is currently 64.39%.

About CMS Energy

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.