Raymond James Financial Inc. Takes Position in CMS Energy Co. (NYSE:CMS)

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

A number of other hedge funds have also recently bought and sold shares 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 acquiring an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of CMS Energy by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock valued at $256,000 after purchasing an additional 187 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock worth $1,107,000 after buying an additional 200 shares during the period. Private Trust Co. NA increased its position in shares of CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock worth $69,000 after acquiring an additional 200 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of CMS Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider's stock valued at $710,000 after acquiring an additional 217 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now owns 144,059 shares of the company's stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now directly 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. Over the last three months, insiders have sold 39,950 shares of company stock worth $2,682,720. Corporate insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

Shares of CMS traded up $0.27 on Wednesday, reaching $73.77. 1,308,513 shares of the stock traded hands, compared to its average volume of 2,134,941. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The stock's 50-day moving average price is $69.35 and its 200-day moving average price is $69.01. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 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%. Equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal 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 given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMS. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim reiterated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Scotiabank boosted their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley dropped their price objective 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.