Segment Wealth Management LLC acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,008 shares of the utilities provider's stock, valued at approximately $376,000.
Several other large investors also recently modified their holdings of the stock. BankPlus Trust Department acquired a new stake in CMS Energy in the 4th quarter valued at $29,000. Larson Financial Group LLC boosted its stake in shares of CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 696 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares in the last quarter. Mizuho Bank Ltd. bought a new stake in shares of CMS Energy in the 4th quarter worth about $61,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of CMS Energy during the 1st quarter worth about $72,000. 93.57% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on CMS. Bank of America upped their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company increased their price target on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Scotiabank reiterated an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Jefferies Financial Group increased their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Morgan Stanley set a $71.00 price target on CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. One 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $77.00.
Check Out Our Latest Research Report on CMS Energy
CMS Energy Trading Down 0.2%
CMS stock traded down $0.14 during midday trading on Tuesday, reaching $69.73. The company's stock had a trading volume of 3,461,924 shares, compared to its average volume of 2,309,033. The business's 50-day simple moving average is $71.12 and its 200-day simple moving average is $70.08. 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 52 week low of $58.50 and a 52 week high of $76.45. The stock has a market cap of $20.86 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39.
CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. CMS Energy's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, sell-side analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.
CMS Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.11%. CMS Energy's dividend payout ratio is 64.39%.
Insider Transactions at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was 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. This trade represents a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company's stock.
About CMS Energy
(
Free Report)
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.
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