Focus Partners Wealth Has $2.12 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Focus Partners Wealth raised its position in CMS Energy Co. (NYSE:CMS - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,725 shares of the utilities provider's stock after purchasing an additional 6,003 shares during the quarter. Focus Partners Wealth's holdings in CMS Energy were worth $2,115,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BankPlus Trust Department bought a new position in shares of CMS Energy in the fourth quarter worth about $29,000. Richardson Financial Services Inc. grew its holdings in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares during the last quarter. Larson Financial Group LLC grew its holdings in 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 buying an additional 696 shares during the last quarter. Optiver Holding B.V. increased its position in CMS Energy by 39.2% in 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. Finally, Mizuho Bank Ltd. acquired a new position in shares of CMS Energy during the fourth quarter worth approximately $61,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore ISI raised their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Wells Fargo & Company increased their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $77.25.

CMS Energy Stock Down 0.0%

CMS stock traded down $0.03 during mid-day trading on Tuesday, reaching $71.94. The company had a trading volume of 1,236,848 shares, compared to its average volume of 2,308,075. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock has a 50 day simple moving average of $72.64 and a two-hundred day simple moving average of $69.85.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business's revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 3.02%. CMS Energy's dividend payout ratio is currently 64.39%.

Insiders Place Their Bets

In related news, Director Laura Wright sold 2,500 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. The trade was a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,698 shares of company stock worth $483,935 over the last three months. Insiders own 0.40% of the company's stock.

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.