LifeWealth Investments LLC Makes New $322,000 Investment in CMS Energy Co. (NYSE:CMS)

LifeWealth Investments LLC purchased a new stake in CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,829 shares of the utilities provider's stock, valued at approximately $322,000.

Other large investors also recently made changes to their positions in the company. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. raised its holdings in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Larson Financial Group LLC lifted its holdings in CMS Energy by 2,900.0% in 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. lifted its holdings in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after buying an additional 229 shares during the period. Finally, Mizuho Bank Ltd. purchased a new stake in CMS Energy in the fourth quarter worth about $61,000. Institutional investors own 93.57% of the company's stock.

CMS Energy Trading Up 1.1%

CMS stock traded up $0.76 during mid-day trading on Thursday, reaching $69.52. The company had a trading volume of 1,770,763 shares, compared to its average volume of 2,303,142. 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 firm has a 50 day moving average of $72.20 and a 200 day moving average of $69.92. CMS Energy Co. has a 12 month low of $58.50 and a 12 month high of $76.45. The company has a market capitalization of $20.79 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. CMS Energy's revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts predict 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 will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.12%. CMS Energy's dividend payout ratio is currently 64.39%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore ISI raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Scotiabank reissued an "outperform" rating and set a $81.00 price target (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Finally, Jefferies Financial Group raised their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. One research 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, the stock has an average rating of "Hold" and a consensus target price of $77.00.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.40% of the company's stock.

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.