Orion Portfolio Solutions LLC Purchases 6,451 Shares of CMS Energy Co. (NYSE:CMS)

Orion Portfolio Solutions LLC grew its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,991 shares of the utilities provider's stock after buying an additional 6,451 shares during the quarter. Orion Portfolio Solutions LLC's holdings in CMS Energy were worth $2,265,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BankPlus Trust Department purchased a new stake in CMS Energy during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. increased its position in shares of CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 235 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares in the last quarter. Robbins Farley bought a new stake in CMS Energy in the 4th quarter worth approximately $62,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in CMS Energy in the fourth quarter worth approximately $73,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Down 3.6 %

Shares of CMS stock traded down $2.70 during trading hours on Friday, reaching $72.81. The company's stock had a trading volume of 4,394,563 shares, compared to its average volume of 2,237,564. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $21.76 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.34. The firm's fifty day simple moving average is $71.24 and its 200 day simple moving average is $69.43. CMS Energy Co. has a one year low of $56.61 and a one year high of $76.45.

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CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data 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 research analysts expect that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.98%. CMS Energy's dividend payout ratio (DPR) is 65.36%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Laura Wright sold 2,500 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $75.36.

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.