LifeWealth Investments LLC Purchases New Stake in CMS Energy Co. (NYSE:CMS)

LifeWealth Investments LLC acquired a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,829 shares of the utilities provider's stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMS. Price T Rowe Associates Inc. MD boosted its holdings in shares of CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after acquiring an additional 3,486,074 shares in the last quarter. Norges Bank acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $171,798,000. Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after purchasing an additional 2,131,269 shares during the period. Zimmer Partners LP acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $89,173,000. Finally, Fisher Funds Management LTD acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $53,904,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMS shares. Wells Fargo & Company raised their price objective on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. BMO Capital Markets raised their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Bank of America raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, Evercore ISI lifted their target price 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. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of "Hold" and an average target price of $77.00.

CMS Energy Trading Up 1.1%

Shares of NYSE CMS traded up $0.78 during midday trading 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 market capitalization of $21.04 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 52-week low of $58.50 and a 52-week high of $76.45. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average price of $72.09 and a 200-day moving average price of $69.95.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The firm 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%. The business's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Equities research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given 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 dividend payout ratio (DPR) is 64.39%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

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.