Foundations Investment Advisors LLC acquired a new position in CMS Energy Corporation (NYSE:CMS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,693 shares of the utilities provider's stock, valued at approximately $353,000.
Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its holdings in CMS Energy by 4.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after purchasing an additional 893 shares in the last quarter. Private Trust Co. NA grew its stake in shares of CMS Energy by 14.4% in the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after acquiring an additional 185 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of CMS Energy by 9.4% in the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after acquiring an additional 400 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of CMS Energy by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after acquiring an additional 950 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of CMS Energy by 32.6% in the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after acquiring an additional 8,536 shares during the last quarter. Institutional investors own 93.57% of the company's stock.
CMS Energy Trading Up 0.4%
Shares of NYSE:CMS opened at $74.10 on Friday. The stock has a market capitalization of $22.17 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.74 and a beta of 0.38. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.84 and a current ratio of 1.54. The stock's 50-day simple moving average is $70.47 and its two-hundred day simple moving average is $70.93. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45.
CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%. The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.
CMS Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.
Insider Transactions at CMS Energy
In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm'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 transaction, the senior vice president directly owned 69,571 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on CMS. Jefferies Financial Group increased their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company increased their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Evercore ISI increased their target price on CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. BMO Capital Markets increased their target price on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $77.25.
Get Our Latest Report on CMS Energy
CMS Energy Profile
(
Free Report)
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.
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