Envestnet Portfolio Solutions Inc. Has $5.12 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Envestnet Portfolio Solutions Inc. cut its stake in shares of CMS Energy Co. (NYSE:CMS) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,783 shares of the utilities provider’s stock after selling 2,286 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CMS Energy were worth $5,118,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. BankPlus Trust Department bought a new stake in CMS Energy in the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its stake in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 235 shares during the period. First Horizon Advisors Inc. increased its stake in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group bought a new position in CMS Energy during the 3rd quarter worth $40,000. Finally, Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 696 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,950 shares of company stock valued at $2,682,720. 0.40% of the stock is currently owned by company insiders.

CMS Energy Trading Up 0.3 %

NYSE CMS opened at $73.46 on Wednesday. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $75.06. The business’s fifty day moving average is $69.35 and its 200 day moving average is $69.01. 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 (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, sell-side analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.95%. CMS Energy’s payout ratio is presently 65.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Guggenheim reissued a “neutral” rating and set 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 seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.00.

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.