IFP Advisors Inc Has $73,000 Stock Position in CMS Energy Co. (NYSE:CMS)

IFP Advisors Inc cut its stake in CMS Energy Co. (NYSE:CMS) by 46.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 992 shares of the utilities provider’s stock after selling 867 shares during the period. IFP Advisors Inc’s holdings in CMS Energy were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its stake in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares during the period. First Horizon Advisors Inc. boosted its stake in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the period. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter worth $40,000. Covestor Ltd boosted its stake in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. Finally, Robbins Farley acquired a new position in CMS Energy in the 4th quarter worth $62,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Down 0.6 %

Shares of CMS stock opened at $72.46 on Thursday. 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 firm’s 50-day moving average is $68.25 and its 200-day moving average is $68.66. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.56 and a beta of 0.42. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06.

CMS Energy (NYSE:CMS) last issued its earnings results 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 net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is presently 65.36%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Scotiabank boosted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley cut their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Guggenheim reissued a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $72.42.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,950 shares of company stock worth $2,817,160 in the last quarter. Corporate insiders own 0.40% 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.