NorthRock Partners LLC Makes New Investment in CMS Energy Co. (NYSE:CMS)

NorthRock Partners LLC acquired a new position in CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,617 shares of the utilities provider's stock, valued at approximately $241,000.

Other large investors have also modified their holdings of the company. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter worth about $29,000. Richardson Financial Services Inc. increased its holdings in shares of 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 acquiring an additional 235 shares during the period. Larson Financial Group LLC increased its stake in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares during the period. Optiver Holding B.V. increased its stake in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after buying an additional 229 shares during the period. Finally, Mizuho Bank Ltd. acquired a new position in CMS Energy during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 93.57% of the company's stock.

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 shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the transaction, the senior vice president now directly owns 69,571 shares in the company, 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 filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMS shares. Bank of America raised their target price 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. Guggenheim reissued a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank reissued an "outperform" rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Finally, Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the company an "equal weight" rating in a research note on Thursday. 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 company currently has an average rating of "Hold" and a consensus target price of $77.00.

CMS Energy Price Performance

Shares of CMS traded up $0.32 during mid-day trading on Friday, hitting $69.68. The company's stock had a trading volume of 1,948,084 shares, compared to its average volume of 2,308,827. The firm has a 50-day moving average price of $72.45 and a 200 day moving average price of $69.88. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The business's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. On average, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.11%. CMS Energy's dividend payout ratio is currently 64.39%.

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.