Raymond James Financial Services Advisors Inc. Sells 2,353 Shares of CMS Energy Co. (NYSE:CMS)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of CMS Energy Co. (NYSE:CMS – Get Rating) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 30,542 shares of the utilities provider’s stock after selling 2,353 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in CMS Energy were worth $1,934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Covington Capital Management bought a new position in CMS Energy in the third quarter valued at approximately $27,000. BerganKDV Wealth Management LLC raised its holdings in shares of CMS Energy by 1,614.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 823 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 775 shares during the period. Dupont Capital Management Corp lifted its position in CMS Energy by 23.1% in the 4th quarter. Dupont Capital Management Corp now owns 975 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 183 shares in the last quarter. Covestor Ltd boosted its stake in CMS Energy by 38.2% in the 1st quarter. Covestor Ltd now owns 1,157 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 320 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of CMS Energy in the 4th quarter valued at about $84,000. 92.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on CMS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $71.00 price objective on shares of CMS Energy in a research report on Wednesday, February 8th. Bank of America raised CMS Energy from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $68.00 to $66.00 in a research report on Wednesday, March 8th. TheStreet upgraded shares of CMS Energy from a “c+” rating to a “b-” rating in a report on Tuesday, April 11th. StockNews.com started coverage on shares of CMS Energy in a report on Thursday, May 18th. They set a “sell” rating for the company. Finally, Morgan Stanley lifted their price target on shares of CMS Energy from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $67.56.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brian F. Rich sold 4,000 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $61.72, for a total value of $246,880.00. Following the transaction, the senior vice president now directly owns 91,927 shares in the company, valued at $5,673,734.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Brian F. Rich sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $61.72, for a total transaction of $246,880.00. Following the completion of the sale, the senior vice president now owns 91,927 shares in the company, valued at $5,673,734.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,250 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $60.00, for a total value of $75,000.00. Following the transaction, the senior vice president now owns 62,881 shares in the company, valued at approximately $3,772,860. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,500 shares of company stock worth $396,880. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS stock opened at $58.06 on Thursday. The company has a fifty day moving average price of $60.95 and a two-hundred day moving average price of $61.29. CMS Energy Co. has a one year low of $52.41 and a one year high of $71.97. The stock has a market cap of $16.93 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.53 and a beta of 0.36. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 0.77.

CMS Energy (NYSE:CMS – Get Rating) last issued its earnings results on Thursday, April 27th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a net margin of 8.09% and a return on equity of 9.59%. CMS Energy’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. As a group, equities analysts predict that CMS Energy Co. will post 3.11 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 5th will be issued a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, May 4th. CMS Energy’s payout ratio is presently 83.69%.

CMS Energy Profile

(Get Rating)

CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.