CMS Energy Co. (NYSE:CMS) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 2,900.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 720 shares of the utilities provider’s stock after purchasing an additional 696 shares during the quarter. Larson Financial Group LLC’s holdings in CMS Energy were worth $48,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CMS. Pallas Capital Advisors LLC grew its position in shares of CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after buying an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in shares of CMS Energy by 1.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after purchasing an additional 200 shares in the last quarter. Private Trust Co. NA lifted its position in shares of CMS Energy by 25.6% during the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 200 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in shares of CMS Energy by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider’s stock worth $710,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the transaction, the senior vice president now directly owns 63,197 shares of the company’s stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,950 shares of company stock valued at $2,817,160. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on CMS shares. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Morgan Stanley cut their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Scotiabank raised their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.42.

CMS Energy Trading Down 1.3 %

Shares of CMS Energy stock opened at $71.17 on Thursday. The company’s fifty day moving average is $68.81 and its two-hundred day moving average is $68.85. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company has a market capitalization of $21.27 billion, a P/E ratio of 21.44, a PEG ratio of 2.56 and a beta of 0.35.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 3.05%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is 65.36%.

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.