Crestwood Advisors Group LLC Buys 1,105 Shares of CMS Energy Co. (NYSE:CMS)

Crestwood Advisors Group LLC boosted its stake in CMS Energy Co. (NYSE:CMS) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,452 shares of the utilities provider’s stock after acquiring an additional 1,105 shares during the period. Crestwood Advisors Group LLC’s holdings in CMS Energy were worth $363,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its holdings in 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. First Horizon Advisors Inc. boosted its holdings in shares of CMS Energy by 171.9% during 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 stake in shares of CMS Energy during the 3rd quarter valued at $40,000. Covestor Ltd boosted its holdings in shares of CMS Energy by 206.1% during 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. Finally, Voisard Asset Management Group Inc. boosted its holdings in shares of CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after buying an additional 163 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now owns 38,790 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 39,950 shares of company stock worth $2,669,620. 0.40% of the stock is owned by company insiders.

CMS Energy Price Performance

NYSE CMS opened at $73.10 on Wednesday. CMS Energy Co. has a 52 week low of $56.31 and a 52 week high of $73.37. The firm has a market capitalization of $21.84 billion, a P/E ratio of 22.02, a PEG ratio of 2.56 and a beta of 0.42. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average price of $67.45 and a 200-day moving average price of $68.39.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities research analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be paid a dividend of $0.5425 per share. The ex-dividend date is Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.97%. CMS Energy’s payout ratio is 65.36%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMS shares. Morgan Stanley dropped their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank boosted their target price 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 restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. BMO Capital Markets dropped their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $71.69.

CMS Energy 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.