Bison Wealth LLC Makes New $312,000 Investment in CMS Energy Co. (NYSE:CMS)

Bison Wealth LLC bought a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,683 shares of the utilities provider's stock, valued at approximately $312,000.

Several other large investors have also recently added to or reduced their stakes in CMS. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the fourth quarter valued at $29,000. Richardson Financial Services Inc. increased its position in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of CMS Energy during the fourth quarter worth approximately $61,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

CMS stock traded up $0.46 during mid-day trading on Tuesday, hitting $73.50. 1,075,363 shares of the company were exchanged, compared to its average volume of 2,278,416. The stock has a market capitalization of $21.98 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The business has a 50 day simple moving average of $72.89 and a 200-day simple moving average of $69.78. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) 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 12.02% and a net margin of 13.35%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 2.95%. CMS Energy's dividend payout ratio is currently 64.39%.

Insider Buying and Selling at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CMS shares. BMO Capital Markets boosted their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim restated a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Finally, Evercore ISI raised their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.25.

CMS Energy 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.