Choreo LLC Has $550,000 Stock Holdings in CMS Energy Co. (NYSE:CMS)

Choreo LLC decreased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,254 shares of the utilities provider’s stock after selling 190 shares during the period. Choreo LLC’s holdings in CMS Energy were worth $550,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Spirit of America Management Corp NY grew its position in shares of CMS Energy by 23.1% during the 4th quarter. Spirit of America Management Corp NY now owns 13,300 shares of the utilities provider’s stock worth $886,000 after buying an additional 2,500 shares during the period. Yousif Capital Management LLC boosted its stake in CMS Energy by 1.4% during the fourth quarter. Yousif Capital Management LLC now owns 53,774 shares of the utilities provider’s stock worth $3,584,000 after acquiring an additional 748 shares in the last quarter. Mather Group LLC. grew its holdings in CMS Energy by 5.8% in the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 220 shares during the period. Stephens Consulting LLC increased its stake in CMS Energy by 5.5% in the fourth quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 225 shares in the last quarter. Finally, Robbins Farley acquired a new position in shares of CMS Energy during the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMS. Guggenheim restated a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Morgan Stanley reduced their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. Finally, Barclays boosted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.15.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,686 shares of company stock worth $2,228,084 over the last three months. 0.40% of the stock is currently owned by insiders.

CMS Energy Price Performance

Shares of NYSE CMS opened at $69.46 on Wednesday. The company has a market capitalization of $20.76 billion, a PE ratio of 20.92, a PEG ratio of 2.48 and a beta of 0.42. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.94. The stock’s 50 day moving average price is $66.79 and its 200-day moving average price is $67.97. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, equities analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 3.12%. CMS Energy’s payout ratio is currently 62.05%.

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.