9,966 Shares in CMS Energy Co. (NYSE:CMS) Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in shares of CMS Energy Co. (NYSE:CMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,966 shares of the utilities provider’s stock, valued at approximately $664,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BankPlus Trust Department purchased a new stake in CMS Energy in the 4th quarter worth approximately $29,000. Richardson Financial Services Inc. increased its stake in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy during the 3rd quarter valued at $40,000. Larson Financial Group LLC raised its position in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 696 shares during the period. Finally, Robbins Farley purchased a new position in shares of CMS Energy during the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CMS. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group upped their price target on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Bank of America lifted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Finally, Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $75.36.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 1.4 %

CMS opened at $74.18 on Friday. The stock has a 50-day moving average of $70.47 and a 200 day moving average of $69.27. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The firm has a market cap of $22.16 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last announced 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 return on equity of 12.02% and a net margin of 13.35%. As a group, research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date of this dividend 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 dividend yield of 2.93%. CMS Energy’s payout ratio 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.