CMS Energy Co. (NYSE:CMS) Holdings Raised by BKM Wealth Management LLC

BKM Wealth Management LLC grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,727 shares of the utilities provider’s stock after purchasing an additional 2,537 shares during the period. BKM Wealth Management LLC’s holdings in CMS Energy were worth $828,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CMS. Headinvest LLC purchased a new stake in shares of CMS Energy during the third quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in CMS Energy during the 4th quarter worth about $29,000. Voisard Asset Management Group Inc. purchased a new position in CMS Energy during the 4th quarter valued at about $36,000. Tobam increased its holdings in shares of CMS Energy by 2,432.3% in the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 754 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, March 4th. Morgan Stanley cut their price objective on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. KeyCorp boosted their target price on CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Thursday, April 4th. Finally, Barclays raised their price target on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.20.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,027 shares of company stock valued at $365,651. 0.53% of the stock is owned by corporate insiders.

CMS Energy Stock Performance

CMS traded down $0.45 during midday trading on Monday, reaching $59.08. The company’s stock had a trading volume of 666,776 shares, compared to its average volume of 2,439,369. The stock has a market cap of $17.61 billion, a P/E ratio of 18.15, a PEG ratio of 2.37 and a beta of 0.38. The company has a fifty day simple moving average of $61.07 and a 200 day simple moving average of $59.12. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm earned $0.70 EPS. CMS Energy’s revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Tuesday, May 14th. CMS Energy’s payout ratio is presently 62.80%.

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.