32,159 Shares in CMS Energy Corporation (NYSE:CMS) Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,159 shares of the utilities provider's stock, valued at approximately $2,415,000.

Other large investors also recently made changes to their positions in the company. Optiver Holding B.V. increased its position in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after buying an additional 229 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of CMS Energy in the fourth quarter valued at about $61,000. Bernard Wealth Management Corp. bought a new position in CMS Energy during the first quarter worth about $72,000. NBC Securities Inc. bought a new position in CMS Energy during the first quarter worth about $75,000. Finally, Covestor Ltd raised its stake in CMS Energy by 51.9% in the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Evercore ISI raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a report on Monday, April 28th. Scotiabank restated an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. BMO Capital Markets lifted their price objective on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. Finally, Morgan Stanley set a $71.00 price target on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy has an average rating of "Moderate Buy" and a consensus price target of $77.00.

CMS Energy Price Performance

CMS Energy stock traded down $0.18 during midday trading on Friday, reaching $70.36. The company's stock had a trading volume of 1,760,228 shares, compared to its average volume of 2,331,125. The stock has a market cap of $21.05 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.38. The company has a current ratio of 1.06, a quick ratio of 0.84 and a debt-to-equity ratio of 1.87. CMS Energy Corporation has a 52 week low of $60.03 and a 52 week high of $76.45. The business has a 50-day moving average price of $70.20 and a 200-day moving average price of $70.31.

CMS Energy (NYSE:CMS - Get Free Report) last released 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). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company earned $0.97 EPS. The business's quarterly revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.08%. CMS Energy's dividend payout ratio is 64.39%.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,198 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $73.61, for a total value of $161,794.78. Following the completion of the sale, the senior vice president owned 69,571 shares of the company's stock, 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 SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

About CMS Energy

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.