Oak Thistle LLC Has $1.85 Million Stake in CMS Energy Corporation (NYSE:CMS)

Oak Thistle LLC raised its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 157.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,651 shares of the utilities provider's stock after acquiring an additional 15,085 shares during the period. Oak Thistle LLC's holdings in CMS Energy were worth $1,852,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMS. Optiver Holding B.V. boosted its stake in shares of CMS Energy by 39.2% in the fourth 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. Mizuho Bank Ltd. bought a new stake in shares of CMS Energy in the fourth quarter valued at approximately $61,000. Bernard Wealth Management Corp. bought a new stake in shares of CMS Energy in the first quarter valued at approximately $72,000. NBC Securities Inc. bought a new stake in shares of CMS Energy in the first quarter valued at approximately $75,000. Finally, Covestor Ltd boosted its stake in shares of CMS Energy by 51.9% in the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after buying an additional 364 shares during the period. Institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CMS. Scotiabank reiterated an "outperform" rating and issued a $81.00 price target (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Evercore ISI boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Barclays boosted their price target on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, 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 research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $77.25.

CMS Energy Price Performance

Shares of NYSE:CMS traded down $0.05 during trading on Friday, hitting $72.84. 2,028,248 shares of the company were exchanged, compared to its average volume of 1,937,814. The business's 50 day moving average is $70.27 and its 200-day moving average is $70.69. The company has a market capitalization of $21.79 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.71 and a beta of 0.38. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87. CMS Energy Corporation has a 1-year low of $62.73 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The firm's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. Equities analysts forecast that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the company'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 directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company's stock.

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.