BKM Wealth Management LLC Purchases 2,537 Shares of CMS Energy Co. (NYSE:CMS)

BKM Wealth Management LLC grew its position in shares of CMS Energy Co. (NYSE:CMS) by 22.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,727 shares of the utilities provider’s stock after buying an additional 2,537 shares during the quarter. BKM Wealth Management LLC’s holdings in CMS Energy were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CMS. FMR LLC lifted its position in shares of CMS Energy by 172.0% during the 3rd quarter. FMR LLC now owns 855,410 shares of the utilities provider’s stock worth $45,431,000 after buying an additional 540,865 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of CMS Energy during the 3rd quarter worth approximately $333,000. LPL Financial LLC raised its holdings in shares of CMS Energy by 27.7% in the 3rd quarter. LPL Financial LLC now owns 232,471 shares of the utilities provider’s stock worth $12,347,000 after purchasing an additional 50,472 shares during the period. Mariner LLC raised its holdings in shares of CMS Energy by 5.0% in the 3rd quarter. Mariner LLC now owns 26,406 shares of the utilities provider’s stock worth $1,402,000 after purchasing an additional 1,265 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of CMS Energy by 10.6% in the 3rd quarter. Stifel Financial Corp now owns 103,572 shares of the utilities provider’s stock worth $5,501,000 after purchasing an additional 9,966 shares during the period. Institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the transaction, the senior vice president now directly owns 68,330 shares in the company, valued at $4,098,433.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027 shares of company stock worth $365,651. Corporate insiders own 0.53% of the company’s stock.

CMS Energy Price Performance

Shares of CMS traded down $0.45 during mid-day trading on Monday, reaching $59.08. 666,776 shares of the stock traded hands, compared to its average volume of 2,439,369. The firm has a fifty day moving average price of $61.07 and a 200 day moving average price of $59.12. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.37 and a beta of 0.38. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. As a group, equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a $0.515 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.06 annualized dividend and a yield of 3.49%. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Wall Street Analyst Weigh In

CMS has been the topic of a number of research reports. Morgan Stanley lowered their price target on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. KeyCorp lifted their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. JPMorgan Chase & Co. lifted 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 Wednesday, March 13th. Barclays boosted their target price on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets boosted their target price on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $64.20.

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.