Lido Advisors LLC Buys 418 Shares of CMS Energy Co. (NYSE:CMS)

Lido Advisors LLC lifted its position in CMS Energy Co. (NYSE:CMS) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,152 shares of the utilities provider’s stock after purchasing an additional 418 shares during the quarter. Lido Advisors LLC’s holdings in CMS Energy were worth $743,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. BankPlus Trust Department bought a new position in CMS Energy in the 4th quarter valued at $29,000. Richardson Financial Services Inc. raised its holdings 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 valued at $30,000 after buying an additional 235 shares during the last quarter. Larson Financial Group LLC grew its holdings in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 696 shares during the last quarter. Optiver Holding B.V. increased its position in CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 229 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new position in CMS Energy in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CMS. Guggenheim reiterated a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Evercore ISI upped their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a research report on Monday, April 28th. Morgan Stanley set a $74.00 target price on CMS Energy and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Finally, UBS Group lifted their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

CMS Energy Stock Down 0.1 %

CMS Energy stock opened at $72.93 on Friday. 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 firm’s fifty day moving average price is $72.89 and its two-hundred day moving average price is $69.78. The firm has a market capitalization of $21.82 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 1-year low of $58.50 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. On average, equities research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 9th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy’s payout ratio is 64.39%.

Insider Buying and Selling at CMS Energy

In other news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 38,790 shares in the company, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company’s stock.

CMS Energy 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.