Atria Wealth Solutions Inc. Sells 299 Shares of CMS Energy Co. (NYSE:CMS)

Atria Wealth Solutions Inc. decreased its position in shares of CMS Energy Co. (NYSE:CMS) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,737 shares of the utilities provider’s stock after selling 299 shares during the period. Atria Wealth Solutions Inc.’s holdings in CMS Energy were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CMS. Smith Group Asset Management LLC acquired a new stake in CMS Energy during the 4th quarter valued at $333,000. Meeder Advisory Services Inc. grew its holdings in shares of CMS Energy by 10.6% during the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 1,147 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after buying an additional 228,501 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after buying an additional 719,093 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in CMS Energy by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock worth $1,342,000 after acquiring an additional 5,662 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $4,248,102.34. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,950 shares of company stock valued at $2,669,620. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Up 1.4 %

Shares of NYSE CMS opened at $73.10 on Wednesday. The firm has a 50 day moving average price of $67.45 and a 200 day moving average price of $68.39. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a market cap of $21.84 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 52-week low of $56.31 and a 52-week high of $73.37.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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 return on equity of 12.02% and a net margin of 13.35%. Analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be issued a dividend of $0.5425 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMS. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Scotiabank increased their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley lowered their target price 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. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.