Canton Hathaway LLC Acquires New Holdings in CMS Energy Corporation (NYSE:CMS)

Canton Hathaway LLC purchased a new position in CMS Energy Corporation (NYSE:CMS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the utilities provider's stock, valued at approximately $751,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after purchasing an additional 3,486,074 shares in the last quarter. Norges Bank purchased a new position in CMS Energy in the 4th quarter valued at about $171,798,000. Massachusetts Financial Services Co. MA grew its stake in shares of 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 valued at $649,264,000 after acquiring an additional 2,131,269 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of CMS Energy during the fourth quarter worth about $89,173,000. Finally, GAMMA Investing LLC lifted its stake in shares of CMS Energy by 8,733.7% in the first quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after acquiring an additional 1,001,838 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's 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 sale, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

CMS Energy Stock Performance

Shares of CMS Energy stock traded down $0.14 during trading hours on Tuesday, reaching $69.73. The company's stock had a trading volume of 3,461,924 shares, compared to its average volume of 2,309,033. CMS Energy Corporation has a one year low of $58.50 and a one year high of $76.45. The company's 50 day simple moving average is $71.12 and its 200 day simple moving average is $70.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The stock has a market cap of $20.86 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The business's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. As a group, analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.11%. CMS Energy's payout ratio is currently 64.39%.

Analyst Ratings Changes

CMS has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Scotiabank reissued an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. UBS Group upped their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Jefferies Financial Group increased their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Evercore ISI boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $77.00.

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.