CMS Energy Co. (NYSE:CMS) Shares Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC raised its stake in CMS Energy Co. (NYSE:CMS) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,395 shares of the utilities provider’s stock after purchasing an additional 385 shares during the quarter. United Capital Financial Advisors LLC’s holdings in CMS Energy were worth $626,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Pallas Capital Advisors LLC grew its holdings in shares of CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after buying an additional 173 shares in the last quarter. Mather Group LLC. raised its position in shares of CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock valued at $266,000 after acquiring an additional 220 shares in the last quarter. Signaturefd LLC raised its position in shares of CMS Energy by 4.9% during the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 220 shares during the period. Stephens Consulting LLC increased its holdings in shares of CMS Energy by 5.5% in the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock worth $288,000 after acquiring an additional 225 shares during the period. Finally, Richardson Financial Services Inc. raised its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on CMS shares. Bank of America lifted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, March 24th. BMO Capital Markets dropped their price target on CMS Energy from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday. Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Finally, Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Hold” and an average target price of $75.09.

CMS Energy Trading Up 0.9 %

NYSE:CMS opened at $72.81 on Monday. The stock has a market capitalization of $21.76 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.45. 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 business’s 50-day simple moving average is $72.34 and its 200-day simple moving average is $69.56.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.5425 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares of the company’s stock, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. Insiders own 0.49% of the company’s stock.

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.