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

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

A number of other hedge funds also recently added to or reduced their stakes in CMS. Principal Financial Group Inc. increased its stake in CMS Energy by 7.6% in the 3rd quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider’s stock valued at $28,840,000 after purchasing an additional 28,695 shares in the last quarter. Atria Investments Inc grew its holdings in CMS Energy by 1.3% in the third quarter. Atria Investments Inc now owns 22,534 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 287 shares during the last quarter. Covestor Ltd increased its position in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after buying an additional 472 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CMS Energy by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,688 shares of the utilities provider’s stock worth $51,043,000 after buying an additional 9,614 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of CMS Energy by 2.5% in the 3rd quarter. Huntington National Bank now owns 11,650 shares of the utilities provider’s stock worth $823,000 after buying an additional 280 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Down 1.3 %

Shares of NYSE:CMS opened at $71.17 on Thursday. 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 has a market cap of $21.27 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.56 and a beta of 0.35. The stock’s 50-day moving average price is $68.81 and its two-hundred day moving average price is $68.85. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 3.05%. CMS Energy’s dividend payout ratio is currently 65.36%.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the transaction, the senior vice president now owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura Wright sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,950 shares of company stock worth $2,817,160 in the last three months. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMS. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective 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. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.