CMS Energy Co. (NYSE:CMS) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 1,344.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,597 shares of the utilities provider's stock after purchasing an additional 3,348 shares during the period. New Age Alpha Advisors LLC's holdings in CMS Energy were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CMS. Pallas Capital Advisors LLC boosted its stake in shares of CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after purchasing an additional 173 shares during the period. Mather Group LLC. lifted its stake in CMS Energy by 5.8% in the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock worth $266,000 after purchasing an additional 220 shares during the last quarter. Signaturefd LLC boosted its position in shares of CMS Energy by 4.9% during the fourth quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock valued at $317,000 after buying an additional 220 shares during the period. Stephens Consulting LLC grew its stake in shares of CMS Energy by 5.5% during the fourth quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock valued at $288,000 after buying an additional 225 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in shares of CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares during the period. 93.57% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

CMS has been the topic of several research analyst reports. UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets upped their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Scotiabank lifted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, Bank of America raised 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $75.36.

Insider Transactions at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the transaction, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred 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 sale, the chief accounting officer now owns 21,643 shares of the company's stock, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock valued at $789,532 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Down 2.3 %

Shares of NYSE CMS traded down $1.71 during mid-day trading on Monday, reaching $70.98. 4,384,738 shares of the company were exchanged, compared to its average volume of 2,246,118. The firm has a 50-day moving average of $71.32 and a 200 day moving average of $69.44. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $76.45. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.56 and a beta of 0.34.

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, topping 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%. On average, research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio is currently 65.36%.

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.