CMS Energy Co. (NYSE:CMS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in CMS Energy Co. (NYSE:CMS - Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,680,374 shares of the utilities provider's stock after buying an additional 40,302 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.58% of CMS Energy worth $97,579,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Headinvest LLC bought a new stake in shares of CMS Energy in the third quarter worth about $26,000. Tobam increased its position in shares of CMS Energy by 2,432.3% during the fourth quarter. Tobam now owns 785 shares of the utilities provider's stock worth $46,000 after acquiring an additional 754 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider's stock worth $46,000 after acquiring an additional 185 shares during the period. CVA Family Office LLC bought a new stake in CMS Energy in the 4th quarter valued at $47,000. Finally, Quent Capital LLC lifted its position in CMS Energy by 63.8% in the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 323 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMS shares. Royal Bank of Canada dropped their price target on CMS Energy from $65.00 to $63.00 and set an "outperform" rating on the stock in a research note on Monday, March 4th. BMO Capital Markets boosted their target price on CMS Energy from $67.00 to $68.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Wolfe Research raised shares of CMS Energy from a "peer perform" rating to an "outperform" rating and set a $62.00 price target for the company in a research note on Tuesday, January 16th. KeyCorp boosted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Finally, Guggenheim raised shares of CMS Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $60.00 to $64.00 in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, CMS Energy has a consensus rating of "Moderate Buy" and an average target price of $63.50.

CMS Energy Stock Performance

Shares of CMS traded down $0.02 during trading hours on Monday, hitting $62.91. The company had a trading volume of 1,898,654 shares, compared to its average volume of 2,506,198. The firm has a market cap of $18.75 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.56 and a beta of 0.37. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The business has a fifty day moving average of $59.64 and a 200-day moving average of $58.04. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. CMS Energy's payout ratio is presently 62.80%.

Insider Activity

In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the firm's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares of the company's stock, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Company 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.