Bison Wealth LLC Purchases New Shares in CMS Energy Co. (NYSE:CMS)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Vanguard Group Inc. lifted its stake in shares of CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider's stock valued at $2,544,370,000 after purchasing an additional 316,011 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after buying an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in CMS Energy by 28.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after buying an additional 2,131,269 shares during the period. Geode Capital Management LLC increased its position in CMS Energy by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after acquiring an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of CMS Energy by 11.6% in the fourth quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock valued at $199,049,000 after acquiring an additional 311,489 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insiders Place Their Bets

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Down 0.1 %

Shares of NYSE:CMS traded down $0.04 during trading hours on Friday, hitting $72.93. The company's stock had a trading volume of 1,771,939 shares, compared to its average volume of 2,284,777. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm's fifty day moving average price is $72.89 and its 200 day moving average price is $69.78. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.56 and a beta of 0.34.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, research analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy's dividend payout ratio (DPR) is 64.39%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Scotiabank reiterated an "outperform" rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Jefferies Financial Group boosted their target price on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Bank of America increased their price target on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Morgan Stanley set a $74.00 price objective on CMS Energy and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company increased their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.25.

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.