MeadowBrook Investment Advisors LLC Buys Shares of 1,500 CMS Energy Co. (NYSE:CMS)

MeadowBrook Investment Advisors LLC bought a new stake in CMS Energy Co. (NYSE:CMS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,500 shares of the utilities provider’s stock, valued at approximately $87,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in CMS Energy by 68.4% in the fourth 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 period. Illinois Municipal Retirement Fund raised its holdings in shares of CMS Energy by 3.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 203,564 shares of the utilities provider’s stock valued at $11,821,000 after buying an additional 7,188 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of CMS Energy by 49.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock valued at $16,051,000 after buying an additional 100,618 shares during the period. New England Asset Management Inc. increased its holdings in CMS Energy by 38.8% during the 3rd quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock worth $7,061,000 after purchasing an additional 37,147 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in CMS Energy during the 4th quarter worth about $4,390,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 0.1 %

CMS stock traded up $0.05 during trading on Monday, reaching $61.61. 1,772,261 shares of the stock traded hands, compared to its average volume of 2,528,803. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The business’s 50 day moving average price is $59.11 and its 200-day moving average price is $57.72. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. The firm has a market capitalization of $18.36 billion, a PE ratio of 18.77, a P/E/G ratio of 2.51 and a beta of 0.37.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 62.80%.

Analysts Set New Price Targets

CMS has been the topic of several recent research reports. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a report on Tuesday, January 16th. Barclays upped their price objective on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $64.00 in a research note on Friday, February 2nd. JPMorgan Chase & Co. lifted their target price on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Finally, Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at approximately $5,968,370.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the sale, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

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.