Trust Point Inc. Takes Position in CMS Energy Co. (NYSE:CMS)

Trust Point Inc. bought a new position in CMS Energy Co. (NYSE:CMS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,205 shares of the utilities provider’s stock, valued at approximately $651,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Essex Savings Bank bought a new position in CMS Energy in the 4th quarter valued at about $207,000. Chatham Capital Group Inc. boosted its position in shares of CMS Energy by 24.8% during the fourth quarter. Chatham Capital Group Inc. now owns 48,335 shares of the utilities provider’s stock valued at $2,807,000 after buying an additional 9,610 shares during the last quarter. Mirador Capital Partners LP grew its holdings in CMS Energy by 5.5% during the fourth quarter. Mirador Capital Partners LP now owns 11,473 shares of the utilities provider’s stock worth $666,000 after buying an additional 596 shares in the last quarter. Quent Capital LLC raised its position in CMS Energy by 63.8% in the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after buying an additional 323 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in CMS Energy by 80.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,868 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 835 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CMS shares. Barclays upped their target price on shares of CMS Energy from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. 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. Guggenheim raised CMS Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $64.00 in a research report on Friday, February 2nd. Finally, UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $62.64.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $59.27 on Friday. The company has a 50-day moving average price of $58.08 and a two-hundred day moving average price of $56.88. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $17.70 billion, a PE ratio of 19.69, a P/E/G ratio of 2.33 and a beta of 0.38.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. Equities analysts forecast that CMS Energy Co. will post 3.34 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Monday, February 12th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.06 annualized dividend and a yield of 3.48%. This is an increase from CMS Energy’s previous quarterly dividend of $0.49. CMS Energy’s dividend payout ratio (DPR) is currently 68.44%.

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.