GWM Advisors LLC grew its holdings in CMS Energy Co. (NYSE:CMS) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 269,381 shares of the utilities provider’s stock after buying an additional 24,369 shares during the quarter. GWM Advisors LLC’s holdings in CMS Energy were worth $579,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CMS. Janney Montgomery Scott LLC increased its position in shares of CMS Energy by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,700 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 196 shares in the last quarter. Sigma Planning Corp increased its position in shares of CMS Energy by 1.5% during the 1st quarter. Sigma Planning Corp now owns 13,465 shares of the utilities provider’s stock worth $748,000 after purchasing an additional 197 shares in the last quarter. Virtus ETF Advisers LLC increased its position in shares of CMS Energy by 1.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 13,021 shares of the utilities provider’s stock worth $646,000 after purchasing an additional 214 shares in the last quarter. Greenleaf Trust increased its position in shares of CMS Energy by 4.5% during the 1st quarter. Greenleaf Trust now owns 5,016 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 215 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd increased its position in shares of CMS Energy by 0.4% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 50,705 shares of the utilities provider’s stock worth $2,518,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 92.65% of the company’s stock.

Shares of NYSE:CMS opened at $57.35 on Friday. CMS Energy Co. has a 12 month low of $42.52 and a 12 month high of $57.09. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 1.13. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 3.54 and a beta of 0.18.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). CMS Energy had a return on equity of 13.16% and a net margin of 9.01%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that CMS Energy Co. will post 2.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a $0.3825 dividend. This represents a $1.53 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, May 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 65.67%.

In other CMS Energy news, SVP Catherine M. Reynolds sold 6,203 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $54.63, for a total transaction of $338,869.89. Following the sale, the senior vice president now directly owns 121,211 shares in the company, valued at approximately $6,621,756.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Glenn P. Barba sold 8,500 shares of CMS Energy stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $54.95, for a total transaction of $467,075.00. Following the completion of the sale, the vice president now owns 28,555 shares in the company, valued at $1,569,097.25. The disclosure for this sale can be found here. Insiders sold a total of 31,503 shares of company stock worth $1,735,825 in the last ninety days. Insiders own 0.52% of the company’s stock.

A number of equities research analysts recently issued reports on CMS shares. Argus increased their target price on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. SunTrust Banks reissued a “hold” rating and set a $56.00 price objective on shares of CMS Energy in a report on Monday, February 25th. Bank of America raised shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, April 11th. Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.31.

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CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

Further Reading: Roth IRA

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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