EverSource Wealth Advisors LLC Lowers Holdings in CMS Energy Co. (NYSE:CMS)

EverSource Wealth Advisors LLC trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 20.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,791 shares of the utilities provider’s stock after selling 464 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CMS Energy were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. BankPlus Trust Department purchased a new position in CMS Energy in the fourth quarter worth about $29,000. Richardson Financial Services Inc. lifted its position in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy in the 3rd quarter worth $40,000. Finally, Larson Financial Group LLC raised its stake in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 696 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,950 shares of company stock worth $2,682,720 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMS shares. Morgan Stanley reduced their price objective on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank boosted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

CMS Energy Stock Up 0.7 %

NYSE CMS opened at $73.25 on Tuesday. The stock’s 50-day moving average price is $69.19 and its 200-day moving average price is $68.97. The company has a market capitalization of $21.89 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. 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 Co. has a 52 week low of $56.61 and a 52 week high of $75.06.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS 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%. On average, equities research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.96%. CMS Energy’s dividend payout ratio (DPR) is currently 65.36%.

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.