Greenleaf Trust Purchases 2,503 Shares of CMS Energy Co. (NYSE:CMS)

Greenleaf Trust boosted its position in shares of CMS Energy Co. (NYSE:CMS) by 31.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,446 shares of the utilities provider’s stock after purchasing an additional 2,503 shares during the quarter. Greenleaf Trust’s holdings in CMS Energy were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headinvest LLC bought a new stake in CMS Energy during the 3rd quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in CMS Energy during the 3rd quarter worth about $36,000. Tobam grew its position in shares of CMS Energy by 2,432.3% during the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the period. CVA Family Office LLC acquired a new position in shares of CMS Energy during the 4th quarter worth about $47,000. Finally, Quent Capital LLC grew its position in shares of CMS Energy by 63.8% during the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock worth $48,000 after buying an additional 323 shares during the period. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now owns 68,971 shares in the company, valued at approximately $3,985,144.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CMS shares. JPMorgan Chase & Co. boosted their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. KeyCorp boosted their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays decreased their target price on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada decreased their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, March 4th. Finally, Seaport Res Ptn lowered CMS Energy from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.00.

CMS Energy Trading Up 0.7 %

NYSE CMS opened at $60.00 on Tuesday. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.31 and a beta of 0.38. The stock’s 50 day moving average price is $58.50 and its two-hundred day moving average price is $57.29. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $63.76.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.04 by $0.01. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.43%. CMS Energy’s payout ratio is 68.44%.

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.