Crewe Advisors LLC Makes New $124,000 Investment in CMS Energy Co. (NYSE:CMS)

Crewe Advisors LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,049 shares of the utilities provider’s stock, valued at approximately $124,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CMS Energy by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock worth $21,267,000 after acquiring an additional 49,630 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CMS Energy by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock worth $97,579,000 after buying an additional 40,302 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of CMS Energy by 68.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock worth $3,721,000 after buying an additional 26,034 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of CMS Energy by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after buying an additional 18,636 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of CMS Energy by 132.8% in the fourth quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after buying an additional 611,282 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were 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 in the company, valued at approximately $5,968,370.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were 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 in the company, valued at approximately $5,968,370.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,027 shares of company stock worth $365,651. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 1.2 %

Shares of CMS stock traded up $0.74 during mid-day trading on Thursday, reaching $63.21. 2,801,299 shares of the company’s stock traded hands, compared to its average volume of 2,377,868. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $64.28. The company has a market cap of $18.88 billion, a P/E ratio of 19.27, a P/E/G ratio of 2.44 and a beta of 0.38. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The company’s 50-day moving average price is $60.67 and its 200-day moving average price is $59.42.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Ratings Changes

CMS has been the topic of several analyst reports. KeyCorp lifted their target price on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Scotiabank decreased their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. UBS Group cut shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Thursday, April 4th. Barclays lifted their price target on shares of CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley cut their price target on shares of CMS Energy from $61.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.20.

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.