SRS Capital Advisors Inc. Cuts Position in CMS Energy Co. (NYSE:CMS)

SRS Capital Advisors Inc. lowered its holdings in shares of CMS Energy Co. (NYSE:CMS) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,352 shares of the utilities provider’s stock after selling 1,062 shares during the quarter. SRS Capital Advisors Inc.’s holdings in CMS Energy were worth $90,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMS. BankPlus Trust Department acquired a new stake in CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. lifted its holdings in CMS Energy by 106.8% during the fourth 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. First Horizon Advisors Inc. grew its position in shares of CMS Energy by 171.9% in the third 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 period. Brooklyn Investment Group purchased a new stake in shares of CMS Energy during the third quarter worth about $40,000. Finally, Covestor Ltd raised its position in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Stock Performance

CMS Energy stock opened at $71.58 on Friday. The stock has a market cap of $21.39 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. 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 firm has a 50 day simple moving average of $68.34 and a 200-day simple moving average of $68.68. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06.

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

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, February 14th. CMS Energy’s payout ratio is 65.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on CMS. Guggenheim reiterated a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. 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 research note on Friday, November 22nd. Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.42.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’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 value of $147,540.00. Following the sale, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares in the company, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,950 shares of company stock valued at $2,817,160 over the last 90 days. 0.40% of the stock is owned by insiders.

About CMS Energy

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.