10,000 Shares in CMS Energy Corporation (NYSE:CMS) Purchased by Canton Hathaway LLC

Canton Hathaway LLC acquired a new stake in shares of CMS Energy Corporation (NYSE:CMS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the utilities provider’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BankPlus Trust Department bought a new position in shares of CMS Energy during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC boosted its stake in CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 696 shares in the last quarter. Optiver Holding B.V. boosted its stake in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 229 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of CMS Energy during the fourth quarter worth $61,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of CMS Energy during the first quarter worth $72,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Up 0.3%

Shares of NYSE CMS opened at $69.00 on Friday. The company’s 50-day simple moving average is $71.19 and its 200-day simple moving average is $70.02. CMS Energy Corporation has a 52-week low of $58.50 and a 52-week high of $76.45. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $0.97 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.5425 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a yield of 3.15%. CMS Energy’s payout ratio is presently 64.39%.

Wall Street Analysts Forecast Growth

CMS has been the subject of several recent research reports. UBS Group raised their target price on shares of CMS Energy from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Wall Street Zen cut shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a report on Monday, April 28th. Jefferies Financial Group raised their target price on shares of CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Finally, Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an “equal weight” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, CMS Energy currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president now directly owns 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

CMS Energy 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.