CMS Energy Co. (NYSE:CMS) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in shares of CMS Energy Co. (NYSE:CMS) by 129.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,404 shares of the utilities provider’s stock after purchasing an additional 792 shares during the period. Jones Financial Companies Lllp’s holdings in CMS Energy were worth $94,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMS. BankPlus Trust Department acquired a new stake in CMS Energy during the 4th quarter worth about $29,000. Richardson Financial Services Inc. grew its position in CMS Energy by 106.8% during 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. grew its position in CMS Energy by 171.9% during 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 stake in CMS Energy during the 3rd quarter worth about $40,000. Finally, Robbins Farley acquired a new stake in CMS Energy during the 4th quarter worth about $62,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of analyst reports. Guggenheim restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Scotiabank raised their target price 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 dropped their target price on 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. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

CMS Energy Trading Up 1.3 %

CMS opened at $72.83 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company’s 50 day simple moving average is $69.04 and its two-hundred day simple moving average is $68.93. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping 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%. Analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal 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 paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.98%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Russell sold 28,750 shares of CMS Energy 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 sale, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,950 shares of company stock valued at $2,682,720 in the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

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.