AE Wealth Management LLC Increases Stock Holdings in CMS Energy Corporation (NYSE:CMS)

AE Wealth Management LLC grew its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 12.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 242,819 shares of the utilities provider's stock after buying an additional 27,224 shares during the quarter. AE Wealth Management LLC owned 0.08% of CMS Energy worth $18,238,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Optiver Holding B.V. lifted its stake in CMS Energy by 39.2% during 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 last quarter. Mizuho Bank Ltd. purchased a new stake in shares of CMS Energy during the 4th quarter worth approximately $61,000. Bernard Wealth Management Corp. purchased a new stake in shares of CMS Energy during the 1st quarter worth approximately $72,000. NBC Securities Inc. acquired a new position in shares of CMS Energy in the 1st quarter valued at $75,000. Finally, Covestor Ltd grew its position 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 buying an additional 364 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMS has been the subject of several research analyst reports. Barclays upped their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday. Jefferies Financial Group lifted their price target on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Scotiabank reissued 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. Evercore ISI lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.25.

CMS Energy Stock Performance

CMS traded up $0.10 during trading on Thursday, reaching $72.99. The company's stock had a trading volume of 1,900,597 shares, compared to its average volume of 1,942,700. 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 company's fifty day moving average price is $70.24 and its 200-day moving average price is $70.64. CMS Energy Corporation has a 52-week low of $62.33 and a 52-week high of $76.45. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.71 and a beta of 0.38.

CMS Energy (NYSE:CMS - Get Free Report) last posted 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). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.97%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company 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.