Pointe Capital Management LLC Makes New $204,000 Investment in CMS Energy Co. (NYSE:CMS)

Pointe Capital Management LLC acquired a new stake in CMS Energy Co. (NYSE:CMS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,515 shares of the utilities provider’s stock, valued at approximately $204,000.

Several other large investors have also made changes to their positions in CMS. Invesco Ltd. increased its holdings in CMS Energy by 7.3% in the 3rd quarter. Invesco Ltd. now owns 4,663,108 shares of the utilities provider’s stock worth $247,658,000 after acquiring an additional 317,682 shares in the last quarter. abrdn plc increased its stake in shares of CMS Energy by 1.9% during the third quarter. abrdn plc now owns 3,144,280 shares of the utilities provider’s stock worth $166,993,000 after purchasing an additional 58,405 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of CMS Energy by 23.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock worth $162,205,000 after purchasing an additional 570,800 shares during the last quarter. California Public Employees Retirement System lifted its stake in CMS Energy by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 1,833,803 shares of the utilities provider’s stock valued at $97,393,000 after buying an additional 27,644 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in CMS Energy by 6,027.8% in the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock worth $92,453,000 after buying an additional 1,712,368 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Trading Up 0.5 %

Shares of CMS stock traded up $0.29 during trading on Friday, hitting $61.56. 1,543,322 shares of the stock traded hands, compared to its average volume of 2,744,690. The firm has a market capitalization of $18.38 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.49 and a beta of 0.37. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $63.76. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05. The firm’s fifty day moving average price is $59.03 and its 200-day moving average price is $57.62.

CMS Energy (NYSE:CMS) last posted 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. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. As a group, research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business 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 dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Seaport Res Ptn cut CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. BMO Capital Markets raised their price objective on CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays upped their target price on shares of CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday. KeyCorp raised their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Guggenheim upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.50.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total transaction of $202,230.00. Following the completion of the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now owns 68,971 shares in the company, valued at $3,985,144.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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.