CMS Energy Co. (NYSE:CMS) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in CMS Energy Co. (NYSE:CMS) by 129.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,404 shares of the utilities provider’s stock after purchasing an additional 792 shares during the period. Jones Financial Companies Lllp’s holdings in CMS Energy were worth $94,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BankPlus Trust Department acquired a new stake in CMS Energy in the 4th quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its holdings 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 purchasing an additional 235 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in CMS Energy by 171.9% in 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 acquired a new position in shares of CMS Energy in the third quarter worth $40,000. Finally, Robbins Farley acquired a new position in shares of CMS Energy in the fourth quarter worth $62,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In other news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,950 shares of company stock valued at $2,682,720 over the last ninety days. Insiders own 0.53% of the company’s stock.

CMS Energy Price Performance

CMS Energy stock opened at $72.83 on Monday. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06. The stock has a market cap of $21.76 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company has a fifty day simple moving average of $69.04 and a 200-day simple moving average of $68.93.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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%. Equities analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. 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 2.98%. CMS Energy’s payout ratio is 65.36%.

Analysts Set New Price Targets

Several equities analysts have commented on CMS shares. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Scotiabank boosted their price target 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. Guggenheim restated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Morgan Stanley dropped their price target on shares of 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. Finally, Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.