Raymond James Financial Inc. Acquires Shares of 367,299 CMS Energy Co. (NYSE:CMS)

Raymond James Financial Inc. purchased a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 367,299 shares of the utilities provider's stock, valued at approximately $24,481,000. Raymond James Financial Inc. owned 0.12% of CMS Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department acquired a new stake in CMS Energy during the 4th quarter worth $29,000. Richardson Financial Services Inc. boosted its stake in shares of CMS Energy by 106.8% during 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. Larson Financial Group LLC grew its holdings in shares of CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after buying an additional 696 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in CMS Energy in the 4th quarter valued at about $61,000. Finally, Robbins Farley purchased a new stake in CMS Energy during the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMS. BMO Capital Markets dropped their target price on CMS Energy from $80.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group boosted their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, Guggenheim restated a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Hold" and an average target price of $75.73.

CMS Energy Price Performance

Shares of CMS traded up $1.70 during trading hours on Thursday, reaching $75.20. 2,209,403 shares of the company traded hands, compared to its average volume of 2,287,709. The stock has a market capitalization of $22.47 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The stock has a fifty day simple moving average of $72.57 and a 200 day simple moving average of $69.62. CMS Energy Co. has a fifty-two week low of $58.50 and a fifty-two week high of $76.88. 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 - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.13). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 9th will be paid a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is currently 65.36%.

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.