Sequoia Financial Advisors LLC Has $694,000 Stock Position in CMS Energy Co. (NYSE:CMS)

Sequoia Financial Advisors LLC lifted its stake in CMS Energy Co. (NYSE:CMS) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,407 shares of the utilities provider’s stock after acquiring an additional 393 shares during the period. Sequoia Financial Advisors LLC’s holdings in CMS Energy were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CMS. Fisher Funds Management LTD acquired a new stake in shares of CMS Energy in the fourth quarter worth $53,904,000. Massachusetts Financial Services Co. MA lifted its position in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares during the period. National Bank of Canada FI lifted its position in CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock worth $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. lifted its position in CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider’s stock worth $46,664,000 after purchasing an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in CMS Energy by 552.9% in the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock worth $39,978,000 after purchasing an additional 479,336 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, Director Laura Wright sold 2,500 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This trade represents a 2.71 % 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 $2,682,720 over the last three months. 0.40% of the stock is currently owned by company insiders.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $73.25 on Tuesday. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $75.06. The firm has a market cap of $21.89 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. 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 business has a fifty day moving average of $69.19 and a 200-day moving average of $68.97.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 2.96%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio (DPR) is presently 65.36%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMS. Guggenheim reaffirmed a “neutral” rating and issued a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Barclays raised 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 research report on Thursday, February 20th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Morgan Stanley cut their price objective on 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.