Hennion & Walsh Asset Management Inc. Has $821,000 Holdings in CMS Energy Co. (NYSE:CMS)

Hennion & Walsh Asset Management Inc. raised its position in shares of CMS Energy Co. (NYSE:CMS) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,601 shares of the utilities provider’s stock after acquiring an additional 2,779 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CMS Energy were worth $821,000 at the end of the most recent quarter.

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

CMS Energy Stock Performance

NYSE CMS opened at $58.80 on Tuesday. The firm’s fifty day moving average price is $61.07 and its two-hundred day moving average price is $59.12. The stock has a market cap of $17.53 billion, a PE ratio of 17.93, a PEG ratio of 2.37 and a beta of 0.38. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.05 and a current ratio of 1.35. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts expect 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 was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s payout ratio is 62.80%.

Insider Buying and Selling at CMS Energy

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Thursday, April 4th. JPMorgan Chase & Co. upped 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 Wednesday, March 13th. Scotiabank decreased their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, KeyCorp increased their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus 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.