CMS Energy Co. (NYSE:CMS) Shares Purchased by NewSquare Capital LLC

NewSquare Capital LLC grew its holdings in CMS Energy Co. (NYSE:CMS) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 115,007 shares of the utilities provider’s stock after purchasing an additional 2,326 shares during the period. NewSquare Capital LLC’s holdings in CMS Energy were worth $6,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of CMS Energy by 68.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after acquiring an additional 26,034 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of CMS Energy by 49.9% during the third quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock worth $16,051,000 after acquiring an additional 100,618 shares during the last quarter. New England Asset Management Inc. lifted its stake in shares of CMS Energy by 38.8% in the third quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after acquiring an additional 37,147 shares during the period. International Assets Investment Management LLC bought a new stake in CMS Energy in the fourth quarter valued at approximately $4,390,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in CMS Energy during the 3rd quarter valued at approximately $4,209,000. 93.57% of the stock is owned by institutional investors.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the 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 sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. KeyCorp raised their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday. Wolfe Research upgraded shares of CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, January 16th. Barclays reduced their target price on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, Royal Bank of Canada decreased their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

CMS Energy Price Performance

CMS stock traded down $0.10 during mid-day trading on Tuesday, hitting $59.90. The company had a trading volume of 3,175,361 shares, compared to its average volume of 2,446,024. The company has a 50-day moving average price of $58.50 and a 200 day moving average price of $57.29. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The company has a market capitalization of $17.89 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.31 and a beta of 0.38. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.84.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company earned $0.60 EPS. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. On average, research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio is presently 68.44%.

About CMS Energy

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.