Ameritas Advisory Services LLC Buys Shares of 12,796 CMS Energy Corporation (NYSE:CMS)

Ameritas Advisory Services LLC acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,796 shares of the utilities provider's stock, valued at approximately $961,000.

A number of other institutional investors also recently added to or reduced their stakes in CMS. Larson Financial Group LLC lifted its position in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares during the period. Optiver Holding B.V. lifted its holdings in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 229 shares during the period. Mizuho Bank Ltd. bought a new position in shares of CMS Energy during the fourth quarter valued at $61,000. Covestor Ltd boosted its stake in shares of CMS Energy by 51.9% in the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 364 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy in the 1st quarter worth about $72,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Up 1.1%

CMS stock traded up $0.75 during midday trading on Thursday, reaching $70.44. The stock had a trading volume of 1,413,304 shares, compared to its average volume of 2,315,852. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.50 and a beta of 0.38. CMS Energy Corporation has a twelve month low of $58.50 and a twelve month high of $76.45. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. The business has a fifty day simple moving average of $70.63 and a two-hundred day simple moving average of $70.14.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly 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 business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is currently 64.39%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Evercore ISI increased their price target 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 issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Finally, Bank of America raised their target price on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of "Hold" and an average price target of $77.00.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the sale, the senior vice president owned 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

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.