Mather Group LLC. Buys 3,766 Shares of CMS Energy Corporation (NYSE:CMS)

Mather Group LLC. raised its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 94.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,762 shares of the utilities provider's stock after acquiring an additional 3,766 shares during the quarter. Mather Group LLC.'s holdings in CMS Energy were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMS. Commonwealth Equity Services LLC boosted its position in CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after purchasing an additional 392 shares during the period. State of Alaska Department of Revenue lifted its holdings 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. Proficio Capital Partners LLC bought a new position in shares of CMS Energy in the fourth quarter worth about $4,938,000. Envestnet Asset Management Inc. lifted its holdings in shares of CMS Energy by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after acquiring an additional 15,918 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of CMS Energy by 195.2% during the first quarter. Farther Finance Advisors LLC now owns 3,297 shares of the utilities provider's stock worth $248,000 after purchasing an additional 2,180 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CMS shares. Evercore ISI increased 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 report on Monday, April 28th. Wells Fargo & Company raised their price target on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Bank of America lifted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Finally, Wall Street Zen raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, CMS Energy has an average rating of "Moderate Buy" and an average target price of $77.00.

Insider Buying and Selling at CMS Energy

In other 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 completion of the sale, the senior vice president owned 69,571 shares of the company's stock, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by insiders.

CMS Energy Trading Up 1.1%

Shares of NYSE CMS traded up $0.75 during mid-day trading on Friday, hitting $70.44. The stock had a trading volume of 1,413,304 shares, compared to its average volume of 2,324,576. 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 business has a 50 day moving average price of $70.52 and a two-hundred day moving average price of $70.22. The firm has a market cap of $21.07 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38. CMS Energy Corporation has a 1 year low of $58.50 and a 1 year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its 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). 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 for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $0.97 EPS. The business's quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is 64.39%.

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.