CMS Energy Co. (NYSE:CMS) Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,762 shares of the utilities provider’s stock after purchasing an additional 249 shares during the quarter. SageView Advisory Group LLC’s holdings in CMS Energy were worth $251,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Pallas Capital Advisors LLC raised its position in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after buying an additional 173 shares in the last quarter. Mather Group LLC. raised its holdings in CMS Energy by 5.8% during 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 in the last quarter. Signaturefd LLC raised its holdings in CMS Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 220 shares in the last quarter. Stephens Consulting LLC lifted its position in CMS Energy by 5.5% in the fourth quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider’s stock worth $288,000 after purchasing an additional 225 shares during the period. Finally, Richardson Financial Services Inc. boosted its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $72.75 on Wednesday. The company’s fifty day moving average is $72.13 and its two-hundred day moving average is $69.53. The company has a market cap of $21.74 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

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, 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%. Equities analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Friday, May 9th. CMS Energy’s dividend payout ratio is currently 65.36%.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s 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 transaction, the senior vice president now owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group boosted their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Thursday, April 10th. Bank of America increased their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Finally, BMO Capital Markets cut their price objective on CMS Energy from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $75.09.

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.