Maridea Wealth Management LLC Invests $664,000 in CMS Energy Co. (NYSE:CMS)

Maridea Wealth Management LLC acquired a new stake in CMS Energy Co. (NYSE:CMS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,966 shares of the utilities provider’s stock, valued at approximately $664,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its holdings in shares of CMS Energy by 548.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,664 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 2,253 shares in the last quarter. DnB Asset Management AS raised its stake in CMS Energy by 119.6% in the fourth quarter. DnB Asset Management AS now owns 157,466 shares of the utilities provider’s stock worth $10,495,000 after buying an additional 85,756 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in CMS Energy by 23.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 33,991 shares of the utilities provider’s stock worth $2,265,000 after buying an additional 6,451 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in CMS Energy by 10.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 96,803 shares of the utilities provider’s stock valued at $6,452,000 after acquiring an additional 8,834 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its holdings in shares of CMS Energy by 1,344.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 3,597 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 3,348 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 1.4 %

CMS Energy stock opened at $74.18 on Friday. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The company has a market cap of $22.16 billion, a PE ratio of 22.34, a PEG ratio of 2.56 and a beta of 0.35. 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 business’s 50-day simple moving average is $70.47 and its two-hundred day simple moving average is $69.27.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.93%. 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 is presently 65.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CMS shares. UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets raised their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, March 24th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $75.36.

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.