CMS Energy Co. (NYSE:CMS) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in CMS Energy Co. (NYSE:CMS) by 76.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,670 shares of the utilities provider’s stock after purchasing an additional 1,157 shares during the quarter. Venturi Wealth Management LLC’s holdings in CMS Energy were worth $178,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CMS. Richardson Financial Services Inc. raised its stake in shares of 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 period. First Horizon Advisors Inc. raised its stake in shares of 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 period. Brooklyn Investment Group purchased a new position in shares of CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd raised its stake in shares of CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 472 shares during the period. Finally, Values First Advisors Inc. purchased a new position in shares of CMS Energy in the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the sale, the chief accounting officer now owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Russell sold 28,750 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,950 shares of company stock worth $2,669,620 over the last quarter. 0.40% of the stock is owned by company insiders.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $71.49 on Friday. The firm has a market cap of $21.36 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. The firm’s 50-day simple moving average is $67.14 and its 200-day simple moving average is $68.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a 1 year low of $56.31 and a 1 year high of $72.40.

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

CMS Energy Increases Dividend

The firm 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. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 3.04%. CMS Energy’s dividend payout ratio is 65.36%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMS. Jefferies Financial Group began coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday. Morgan Stanley cut their price objective 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 price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Guggenheim reiterated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has a consensus 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.