Cerity Partners LLC Acquires 3,775 Shares of CMS Energy Co. (NYSE:CMS)

Cerity Partners LLC lifted its holdings in CMS Energy Co. (NYSE:CMS) by 86.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,126 shares of the utilities provider’s stock after acquiring an additional 3,775 shares during the period. Cerity Partners LLC’s holdings in CMS Energy were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. CI Investments Inc. raised its position in shares of CMS Energy by 3.0% in the 3rd quarter. CI Investments Inc. now owns 6,415 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 185 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of CMS Energy by 2.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 8,187 shares of the utilities provider’s stock valued at $435,000 after buying an additional 192 shares during the period. Centerpoint Advisors LLC grew its stake in shares of CMS Energy by 25.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 1,000 shares of the utilities provider’s stock valued at $53,000 after buying an additional 200 shares during the period. Atria Investments Inc grew its stake in shares of CMS Energy by 0.6% in the 3rd quarter. Atria Investments Inc now owns 37,933 shares of the utilities provider’s stock valued at $2,015,000 after buying an additional 227 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of CMS Energy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 97,475 shares of the utilities provider’s stock valued at $5,660,000 after buying an additional 269 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Up 0.3 %

CMS Energy stock opened at $60.49 on Friday. The stock has a market cap of $18.06 billion, a P/E ratio of 20.10, a PEG ratio of 2.32 and a beta of 0.38. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $63.76. The firm’s fifty day moving average price is $58.72 and its 200-day moving average price is $57.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.515 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.41%. CMS Energy’s dividend payout ratio (DPR) is presently 68.44%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the sale, the senior vice president now directly owns 68,971 shares in the company, valued at $3,985,144.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CMS shares. Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. KeyCorp boosted their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada cut their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Finally, Barclays cut their target price on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.00.

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.