CMS Energy Co. (NYSE:CMS) Shares Acquired by Sequoia Financial Advisors LLC

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

Several other institutional investors have also bought and sold shares of CMS. BankPlus Trust Department acquired a new stake in CMS Energy in the 4th quarter valued at about $29,000. First Horizon Advisors Inc. lifted its holdings 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 acquiring an additional 275 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings 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 acquiring an additional 235 shares during the last quarter. Brooklyn Investment Group acquired a new stake in CMS Energy in the 3rd quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its holdings in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling

In other CMS Energy news, 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 transaction, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on 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 approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,950 shares of company stock worth $2,682,720. Insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

NYSE CMS opened at $73.25 on Tuesday. The company has a 50 day simple moving average of $69.19 and a 200-day simple moving average of $68.97. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The firm has a market capitalization of $21.89 billion, a price-to-earnings 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 current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping 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%. Equities research analysts predict that CMS Energy Co. will post 3.59 earnings per share 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 issued a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.96%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is currently 65.36%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMS. Morgan Stanley cut their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays raised shares of CMS Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Guggenheim reaffirmed a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Scotiabank upped their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price 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.