Wealth Enhancement Advisory Services LLC Sells 52,369 Shares of CMS Energy Co. (NYSE:CMS)

Wealth Enhancement Advisory Services LLC reduced its position in CMS Energy Co. (NYSE:CMS - Free Report) by 46.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,467 shares of the utilities provider's stock after selling 52,369 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CMS Energy were worth $4,097,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC raised its holdings in CMS Energy by 811.2% in the 4th quarter. Mattson Financial Services LLC now owns 1,631 shares of the utilities provider's stock valued at $115,000 after acquiring an additional 1,452 shares during the period. Siemens Fonds Invest GmbH increased its stake in CMS Energy by 25.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 4,048 shares of the utilities provider's stock valued at $270,000 after acquiring an additional 819 shares during the last quarter. Cim LLC increased its stake in CMS Energy by 2.0% in the fourth quarter. Cim LLC now owns 18,068 shares of the utilities provider's stock valued at $1,204,000 after acquiring an additional 346 shares during the last quarter. Brooklyn FI LLC bought a new position in CMS Energy in the fourth quarter valued at approximately $308,000. Finally, LifeWealth Investments LLC bought a new position in CMS Energy in the fourth quarter valued at approximately $322,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMS has been the topic of a number of research analyst reports. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. Bank of America raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Evercore ISI raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Finally, BMO Capital Markets lifted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One investment 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 MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $77.00.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now owns 69,571 shares in the company, valued at approximately $5,121,121.31. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

CMS Energy Stock Up 0.9%

CMS traded up $0.61 during midday trading on Friday, hitting $69.95. The company had a trading volume of 4,439,434 shares, compared to its average volume of 2,344,833. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock's 50 day moving average price is $71.67 and its 200 day moving average price is $70.01. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.56 and a beta of 0.39. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45.

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 business 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 12.02% and a net margin of 13.35%. The company's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy's dividend payout ratio (DPR) is presently 64.39%.

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.