30,268 Shares in CMS Energy Co. (NYSE:CMS) Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of 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 acquired 30,268 shares of the utilities provider's stock, valued at approximately $2,017,000.

Several other large investors also recently made changes to their positions in CMS. Smith Group Asset Management LLC acquired a new stake in CMS Energy in the fourth quarter valued at $333,000. Commonwealth Equity Services LLC lifted its stake in CMS Energy by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after purchasing an additional 392 shares during the last quarter. Caprock Group LLC acquired a new stake in CMS Energy in the 4th quarter valued at about $237,000. Proficio Capital Partners LLC bought a new position in CMS Energy during the fourth quarter worth about $4,938,000. Finally, Envestnet Asset Management Inc. increased its position in CMS Energy by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after buying an additional 15,918 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the sale, the senior vice president now directly owns 69,571 shares in the company, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Performance

Shares of CMS Energy stock traded down $1.03 during trading on Wednesday, reaching $68.78. The company's stock had a trading volume of 537,128 shares, compared to its average volume of 2,301,140. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The business's 50-day moving average price is $72.29 and its 200-day moving average price is $69.93. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The firm has a market cap of $20.57 billion, a PE ratio of 20.73, a P/E/G ratio of 2.56 and a beta of 0.42.

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

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is currently 64.39%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Scotiabank reaffirmed an "outperform" rating and set a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Bank of America increased their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Finally, Wells Fargo & Company raised their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Hold" and a consensus price target of $77.00.

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.