Brooklyn FI LLC Takes $308,000 Position in CMS Energy Co. (NYSE:CMS)

Brooklyn FI LLC bought a new stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,480 shares of the utilities provider's stock, valued at approximately $308,000.

Several other institutional investors also recently bought and sold shares of CMS. Mather Group LLC. raised its holdings in shares of CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after acquiring an additional 220 shares in the last quarter. Signaturefd LLC lifted its stake in CMS Energy by 4.9% in the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock worth $317,000 after purchasing an additional 220 shares during the last quarter. Stephens Consulting LLC lifted its stake in shares of CMS Energy by 5.5% during the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock worth $288,000 after acquiring an additional 225 shares during the last quarter. Optiver Holding B.V. increased its stake in 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 purchasing an additional 229 shares during the period. Finally, Richardson Financial Services Inc. lifted its position in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on CMS. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Guggenheim reissued a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Evercore ISI lifted their target price on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Scotiabank restated an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, BMO Capital Markets raised their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $77.00.

CMS Energy Stock Up 1.1%

CMS stock traded up $0.76 on Thursday, hitting $69.52. 1,770,763 shares of the company's stock were exchanged, compared to its average volume of 2,304,897. The firm has a 50 day moving average price of $72.20 and a two-hundred day moving average price of $69.92. CMS Energy Co. has a 12-month low of $58.50 and a 12-month high of $76.45. The stock has a market cap of $20.79 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly 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 business 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%. CMS Energy's revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. As a group, equities research analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a $0.5425 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.12%. CMS Energy's dividend payout ratio is currently 64.39%.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by 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.