HighTower Advisors LLC Sells 7,109 Shares of CMS Energy Corporation $CMS

Key Points

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HighTower Advisors LLC decreased its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 86,923 shares of the utilities provider's stock after selling 7,109 shares during the period. HighTower Advisors LLC's holdings in CMS Energy were worth $6,529,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CMS. Townsquare Capital LLC bought a new stake in shares of CMS Energy during the 4th quarter worth about $391,000. Mariner LLC boosted its holdings in CMS Energy by 14.7% in the 4th quarter. Mariner LLC now owns 38,738 shares of the utilities provider's stock valued at $2,582,000 after purchasing an additional 4,978 shares during the period. Walleye Capital LLC boosted its holdings in CMS Energy by 100.4% in the 4th quarter. Walleye Capital LLC now owns 15,906 shares of the utilities provider's stock valued at $1,060,000 after purchasing an additional 7,968 shares during the period. Jump Financial LLC boosted its holdings in CMS Energy by 3.2% in the 4th quarter. Jump Financial LLC now owns 15,578 shares of the utilities provider's stock valued at $1,038,000 after purchasing an additional 483 shares during the period. Finally, United Capital Financial Advisors LLC boosted its holdings in CMS Energy by 4.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 9,395 shares of the utilities provider's stock valued at $626,000 after purchasing an additional 385 shares during the period. Institutional investors own 93.57% of the company's stock.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, the senior vice president directly owned 68,036 shares of the company's stock, valued at $5,008,810.32. The trade was a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by insiders.

CMS Energy Price Performance

CMS stock opened at $72.09 on Tuesday. The company has a 50 day simple moving average of $71.26 and a 200 day simple moving average of $71.50. The stock has a market cap of $21.58 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 2.69 and a beta of 0.36. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. Research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's payout ratio is presently 64.20%.

Analysts Set New Price Targets

A number of research firms have issued reports on CMS. Jefferies Financial Group boosted their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Barclays boosted their target price on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CMS Energy has an average rating of "Hold" and a consensus target price of $77.25.

CMS Energy Company 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.

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