CMS Energy Co. (NYSE:CMS) Stock Holdings Lowered by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,278,281 shares of the utilities provider’s stock after selling 51,117 shares during the period. CMS Energy accounts for 2.3% of Reaves W H & Co. Inc.’s portfolio, making the stock its 20th biggest holding. Reaves W H & Co. Inc.’s holdings in CMS Energy were worth $85,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BankPlus Trust Department bought a new position in CMS Energy in the 4th quarter valued at about $29,000. Richardson Financial Services Inc. grew its position in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock valued at $30,000 after buying an additional 235 shares in the last quarter. First Horizon Advisors Inc. grew its position in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares in the last quarter. Brooklyn Investment Group bought a new position in CMS Energy in the 3rd quarter valued at about $40,000. Finally, Covestor Ltd grew its position in CMS Energy by 206.1% in the 3rd 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. Institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

CMS stock opened at $74.06 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a one year low of $56.61 and a one year high of $74.19. The firm has a market capitalization of $22.13 billion, a PE ratio of 22.31, a P/E/G ratio of 2.56 and a beta of 0.42. The firm has a 50-day moving average of $68.01 and a two-hundred day moving average of $68.59.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 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, analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.93%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy’s dividend payout ratio is 65.36%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent analyst reports. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Morgan Stanley decreased 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 report on Friday, November 22nd. Scotiabank upped their price target 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. Guggenheim reissued a “neutral” rating and issued a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Finally, Jefferies Financial Group began coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura Wright sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 38,790 shares of the company’s stock, valued at $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 sold 39,950 shares of company stock valued at $2,669,620 over the last three months. 0.40% of the stock is owned by corporate insiders.

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.