Proficio Capital Partners LLC Purchases New Position in CMS Energy Co. (NYSE:CMS)

Proficio Capital Partners LLC bought a new stake in CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 74,086 shares of the utilities provider's stock, valued at approximately $4,938,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smith Group Asset Management LLC purchased a new position in CMS Energy during the fourth quarter worth approximately $333,000. Meeder Advisory Services Inc. increased its stake in CMS Energy by 10.6% during the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock worth $842,000 after acquiring an additional 1,147 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after acquiring an additional 719,093 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after acquiring an additional 5,662 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in CMS Energy by 49.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock worth $1,787,000 after acquiring an additional 8,927 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

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CMS Energy Price Performance

CMS stock traded up $0.02 on Thursday, reaching $73.73. The company had a trading volume of 1,889,284 shares, compared to its average volume of 2,132,659. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The company's fifty day moving average is $69.50 and its 200 day moving average is $69.04. The company has a market cap of $22.03 billion, a P/E ratio of 22.21, a PEG ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

CMS has been the subject of a number of research reports. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Morgan Stanley decreased their price target on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Finally, Guggenheim reaffirmed a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Insiders Place Their Bets

In related news, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the transaction, the director now directly owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on 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 in the company, 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 have sold a total of 11,200 shares of company stock valued at $789,532 in the last quarter. 0.40% of the stock is currently owned by company insiders.

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.