Parr Mcknight Wealth Management Group LLC Purchases Shares of 30,268 CMS Energy Co. (NYSE:CMS)

Parr Mcknight Wealth Management Group LLC purchased a new position in CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,268 shares of the utilities provider's stock, valued at approximately $2,017,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after purchasing an additional 3,486,074 shares during the period. Norges Bank bought a new position in shares of CMS Energy in the fourth quarter worth about $171,798,000. Massachusetts Financial Services Co. MA lifted its holdings in CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after buying an additional 2,131,269 shares in the last quarter. Zimmer Partners LP purchased a new stake in CMS Energy in the 4th quarter valued at about $89,173,000. Finally, Fisher Funds Management LTD purchased a new position in shares of CMS Energy during the fourth quarter worth approximately $53,904,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMS. Bank of America boosted their price target on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. BMO Capital Markets lifted their target price on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. 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. Wells Fargo & Company lifted their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.00.

CMS Energy Stock Up 0.2%

Shares of NYSE:CMS traded up $0.17 during trading on Tuesday, reaching $69.82. The stock had a trading volume of 1,933,341 shares, compared to its average volume of 2,308,022. The firm's 50-day simple moving average is $72.37 and its 200 day simple moving average is $69.93. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a one year low of $58.50 and a one year high of $76.45. The company has a market capitalization of $20.88 billion, a P/E ratio of 21.03, a PEG ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results 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 net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $0.97 earnings per share. CMS Energy's revenue was up 12.5% on a year-over-year basis. As a group, research analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

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

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the business'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 transaction of $161,794.78. Following the sale, the senior vice president now owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

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.