CMS Energy Co. (NYSE:CMS) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its stake in CMS Energy Co. (NYSE:CMS) by 13.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,669 shares of the utilities provider’s stock after purchasing an additional 556 shares during the period. Frank Rimerman Advisors LLC’s holdings in CMS Energy were worth $311,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC acquired a new position in shares of CMS Energy in the fourth quarter worth $333,000. Meeder Advisory Services Inc. grew its stake in shares of CMS Energy by 10.6% in the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock worth $842,000 after acquiring an additional 1,147 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after acquiring an additional 719,093 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider’s stock worth $1,342,000 after acquiring an additional 5,662 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of CMS Energy by 49.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider’s stock worth $1,787,000 after acquiring an additional 8,927 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMS shares. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Guggenheim reiterated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Scotiabank boosted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley lowered their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Insider Activity

In other news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,950 shares of company stock valued at $2,682,720. Insiders own 0.53% of the company’s stock.

CMS Energy Price Performance

Shares of CMS opened at $72.83 on Monday. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The stock has a market cap of $21.76 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a fifty day moving average price of $69.04 and a 200 day moving average price of $68.93.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share 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%. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost 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%.

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.