Lindbrook Capital LLC Has $62,000 Stake in CMS Energy Co. (NYSE:CMS)

Lindbrook Capital LLC decreased its holdings in CMS Energy Co. (NYSE:CMS) by 26.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,072 shares of the utilities provider’s stock after selling 390 shares during the period. Lindbrook Capital LLC’s holdings in CMS Energy were worth $62,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after buying an additional 26,034 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of CMS Energy by 49.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 302,221 shares of the utilities provider’s stock valued at $16,051,000 after buying an additional 100,618 shares in the last quarter. New England Asset Management Inc. grew its stake in shares of CMS Energy by 38.8% in the 3rd quarter. New England Asset Management Inc. now owns 132,950 shares of the utilities provider’s stock valued at $7,061,000 after buying an additional 37,147 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of CMS Energy in the 4th quarter valued at approximately $4,390,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of CMS Energy in the 3rd quarter valued at approximately $4,209,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMS. Scotiabank reduced their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research report on Monday. UBS Group cut CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Thursday, April 4th. Wolfe Research raised CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, January 16th. KeyCorp increased their price objective on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, BMO Capital Markets increased their price objective on CMS Energy from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $63.00.

CMS Energy Price Performance

Shares of CMS opened at $60.49 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.66 and a current ratio of 0.98. The stock has a 50 day simple moving average of $58.72 and a 200 day simple moving average of $57.38. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The firm has a market capitalization of $18.06 billion, a PE ratio of 20.10, a P/E/G ratio of 2.32 and a beta of 0.38.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 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 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Sell-side analysts predict that CMS Energy Co. will post 3.33 EPS 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 3.41%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s payout ratio is 68.44%.

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.