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CMS Energy Corporation (NYSE:CMS) Stock Holdings Lessened by Wealth Enhancement Advisory Services LLC

CMS Energy logo with Utilities background

Wealth Enhancement Advisory Services LLC lowered its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 53.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,780 shares of the utilities provider's stock after selling 32,687 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in CMS Energy were worth $2,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York Life Investment Management LLC grew its position in CMS Energy by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 39,997 shares of the utilities provider's stock worth $2,666,000 after purchasing an additional 302 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in CMS Energy by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 113,769 shares of the utilities provider's stock valued at $7,583,000 after acquiring an additional 1,900 shares during the period. Proficio Capital Partners LLC purchased a new stake in CMS Energy during the 4th quarter valued at approximately $4,938,000. Private Trust Co. NA lifted its position in CMS Energy by 30.4% during the 4th quarter. Private Trust Co. NA now owns 1,281 shares of the utilities provider's stock worth $85,000 after acquiring an additional 299 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of CMS Energy in the 4th quarter valued at approximately $366,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMS. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Bank of America raised 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 upped their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Finally, Scotiabank reiterated an "outperform" rating and set a $81.00 target price (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $77.00.

View Our Latest Stock Report on CMS Energy

CMS Energy Trading Down 0.2%

CMS Energy stock traded down $0.16 during trading on Wednesday, reaching $69.98. The company had a trading volume of 1,035,621 shares, compared to its average volume of 2,312,623. CMS Energy Corporation has a 12-month low of $58.50 and a 12-month high of $76.45. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The stock's 50 day moving average price is $70.71 and its two-hundred day moving average price is $70.14. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.47 and a beta of 0.38.

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 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 firm earned $0.97 earnings per share. The business's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.10%. CMS Energy's dividend payout ratio is currently 64.39%.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.49% of the company's stock.

CMS Energy Company Profile

(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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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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