CMS Energy Co. (NYSE:CMS) Holdings Lifted by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in CMS Energy Co. (NYSE:CMS) by 76.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,670 shares of the utilities provider’s stock after purchasing an additional 1,157 shares during the period. Venturi Wealth Management LLC’s holdings in CMS Energy were worth $178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMS. First Horizon Advisors Inc. boosted its holdings in shares of CMS Energy by 171.9% in the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy in the third quarter valued at approximately $40,000. Covestor Ltd boosted its holdings 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 acquiring an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of CMS Energy in the third quarter valued at approximately $56,000. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,950 shares of company stock worth $2,669,620 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CMS shares. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $75.00 in a report on Thursday. Scotiabank raised their target price 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. Jefferies Financial Group started coverage on shares of CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price for the company. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Morgan Stanley reduced 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 report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

CMS Energy Stock Up 1.1 %

Shares of NYSE:CMS opened at $71.49 on Friday. CMS Energy Co. has a 52 week low of $56.31 and a 52 week high of $72.40. 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 cap of $21.36 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. The firm has a 50 day simple moving average of $67.14 and a 200 day simple moving average of $68.19.

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, topping 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, research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 3.04%. 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.