Capital Group Private Client Services Inc. Buys 35,847 Shares of CMS Energy Co. (NYSE:CMS)

Capital Group Private Client Services Inc. raised its position in shares of CMS Energy Co. (NYSE:CMS) by 12.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 323,489 shares of the utilities provider’s stock after purchasing an additional 35,847 shares during the quarter. Capital Group Private Client Services Inc. owned approximately 0.11% of CMS Energy worth $19,519,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of CMS Energy by 58.3% during the 4th quarter. SG Americas Securities LLC now owns 27,588 shares of the utilities provider’s stock valued at $1,602,000 after acquiring an additional 10,163 shares during the period. HB Wealth Management LLC increased its position in shares of CMS Energy by 7.3% during the fourth quarter. HB Wealth Management LLC now owns 18,616 shares of the utilities provider’s stock worth $1,081,000 after acquiring an additional 1,263 shares in the last quarter. CVA Family Office LLC bought a new position in CMS Energy in the 4th quarter valued at about $47,000. Raymond James Financial Services Advisors Inc. boosted its stake in CMS Energy by 68.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after purchasing an additional 26,034 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of CMS Energy by 161.8% in the fourth quarter. Pacer Advisors Inc. now owns 74,182 shares of the utilities provider’s stock worth $4,308,000 after purchasing an additional 45,843 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Down 0.4 %

CMS stock traded down $0.25 during midday trading on Friday, hitting $62.96. The company had a trading volume of 1,597,173 shares, compared to its average volume of 2,372,494. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.48 and a beta of 0.38. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $64.28. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. The stock’s 50 day moving average price is $60.67 and its 200 day moving average price is $59.42.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. As a group, equities research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

Insiders Place Their Bets

In other news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total transaction of $143,464.40. Following the transaction, the director now directly owns 14,556 shares of the company’s stock, valued at $884,859.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now owns 14,556 shares in the company, valued at approximately $884,859.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,027 shares of company stock worth $365,651. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CMS shares. Morgan Stanley cut their price objective 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 upped their price objective on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Guggenheim lifted their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday. Barclays upped their price target on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Finally, UBS Group lowered CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

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.