CMS Energy Co. (NYSE:CMS) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC lifted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1,476.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,718 shares of the utilities provider’s stock after purchasing an additional 1,609 shares during the quarter. Gradient Investments LLC’s holdings in CMS Energy were worth $102,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of CMS Energy during the fourth quarter worth $36,000. TruNorth Capital Management LLC boosted its holdings in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of CMS Energy during the first quarter worth $43,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Up 0.7 %

Shares of NYSE CMS traded up $0.49 during midday trading on Friday, reaching $66.45. 2,009,840 shares of the company’s stock were exchanged, compared to its average volume of 2,358,062. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $67.77. The stock has a market capitalization of $19.84 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The business’s fifty day moving average price is $61.78 and its two-hundred day moving average price is $60.29.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CMS. Barclays lifted their target price on CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday. Wells Fargo & Company lifted their target price on CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 26th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Evercore ISI upgraded CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, Guggenheim lifted their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.55.

Insider Transactions at CMS Energy

In other news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the sale, the director now directly owns 14,556 shares of the company’s stock, valued at $884,859.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the sale, the director now directly owns 14,556 shares of the company’s stock, valued at $884,859.24. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.