Wealth Enhancement Advisory Services LLC Has $2.16 Million Stock Position in CMS Energy Corporation (NYSE:CMS)

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 its most recent filing with the Securities & Exchange Commission. 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 quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMS. Price T Rowe Associates Inc. MD grew its holdings in CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after buying an additional 3,486,074 shares during the last quarter. Norges Bank acquired a new stake in CMS Energy in the 4th quarter valued at approximately $171,798,000. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 28.0% in 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 during the last quarter. Zimmer Partners LP acquired a new stake in CMS Energy in the 4th quarter valued at approximately $89,173,000. Finally, GAMMA Investing LLC lifted its position in shares of CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after acquiring an additional 1,001,838 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Price Performance

CMS Energy stock opened at $69.03 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. The company has a market capitalization of $20.65 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39. CMS Energy Corporation has a one year low of $58.50 and a one year high of $76.45. The business has a 50 day simple moving average of $70.84 and a 200 day simple moving average of $70.11.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. On average, sell-side analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.14%. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of CMS Energy stock in a transaction on 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 transaction, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group raised their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Bank of America raised their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Finally, BMO Capital Markets raised their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $77.00.

CMS Energy 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.

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