Tounjian Advisory Partners LLC Invests $1.56 Million in CMS Energy Co. (NYSE:CMS)

Tounjian Advisory Partners LLC acquired a new stake in CMS Energy Co. (NYSE:CMS) in the 1st quarter, Holdings Channel.com reports. The fund acquired 20,734 shares of the utilities provider’s stock, valued at approximately $1,557,000.

A number of other large investors have also added to or reduced their stakes in CMS. Commonwealth Equity Services LLC grew its holdings in CMS Energy by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider’s stock worth $5,103,000 after acquiring an additional 392 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of CMS Energy during the fourth quarter worth $4,938,000. Envestnet Asset Management Inc. lifted its holdings in shares of CMS Energy by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider’s stock worth $56,967,000 after purchasing an additional 15,918 shares during the period. Van ECK Associates Corp grew its stake in shares of CMS Energy by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 92,899 shares of the utilities provider’s stock worth $6,192,000 after purchasing an additional 10,470 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in CMS Energy by 33.4% in the fourth quarter. Principal Securities Inc. now owns 1,956 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 490 shares during the period. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS stock opened at $69.95 on Monday. The firm has a 50 day moving average of $71.67 and a 200-day moving average of $70.03. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.56 and a beta of 0.39. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 52 week low of $58.50 and a 52 week high of $76.45.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy’s dividend payout ratio (DPR) is currently 64.39%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares of the company’s stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group raised their target price on CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Jefferies Financial Group lifted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. BMO Capital Markets increased their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Hold” and a consensus target price of $77.00.

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.