Brooklyn FI LLC Purchases New Holdings in CMS Energy Co. (NYSE:CMS)

Brooklyn FI LLC bought a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,480 shares of the utilities provider's stock, valued at approximately $308,000.

A number of other institutional investors have also added to or reduced their stakes in the business. BankPlus Trust Department purchased a new stake in shares of CMS Energy in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. raised its stake in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its holdings in CMS Energy by 2,900.0% during the fourth 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. boosted its position in CMS Energy by 39.2% during the 4th 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 in the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in CMS Energy during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Activity

In other 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 transaction of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares of the company's stock, valued at $5,121,121.31. This trade represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

CMS traded up $0.78 on Friday, reaching $70.33. 3,560,639 shares of the stock were exchanged, compared to its average volume of 2,309,823. 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 company's 50-day moving average price is $72.09 and its 200 day moving average price is $69.95. The firm has a market capitalization of $21.04 billion, a PE ratio of 21.18, a PEG ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion during 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 company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's payout ratio is 64.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group boosted their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. 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. Evercore ISI lifted their price objective 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. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. One 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 company. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of "Hold" and an average price target of $77.00.

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.