Mirador Capital Partners LP Boosts Holdings in CMS Energy Co. (NYSE:CMS)

Mirador Capital Partners LP grew its position in shares of CMS Energy Co. (NYSE:CMS) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,441 shares of the utilities provider’s stock after buying an additional 968 shares during the quarter. Mirador Capital Partners LP’s holdings in CMS Energy were worth $751,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in CMS Energy during the fourth quarter worth about $29,000. Headinvest LLC purchased a new position in shares of CMS Energy during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $36,000. Tobam boosted its stake in shares of CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after buying an additional 754 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In related news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Jon E. Barfield sold 2,360 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian F. Rich sold 2,000 shares of the 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 completion of the sale, 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. Insiders sold a total of 6,027 shares of company stock valued at $365,651 over the last 90 days. Insiders own 0.53% of the company’s stock.

CMS Energy Price Performance

CMS stock traded up $0.35 on Monday, reaching $59.88. The company had a trading volume of 213,289 shares, compared to its average volume of 2,435,741. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. The company’s fifty day moving average is $61.07 and its 200 day moving average is $59.12. The company has a market cap of $17.85 billion, a P/E ratio of 18.15, a PEG ratio of 2.37 and a beta of 0.38. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business 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 business’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. On average, research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.44%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CMS shares. Morgan Stanley reduced their target price on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Barclays raised their price objective on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. BMO Capital Markets lifted their price target on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Scotiabank decreased their price target on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.20.

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.