LVW Advisors LLC Acquires New Position in CMS Energy Co. (NYSE:CMS)

LVW Advisors LLC acquired a new stake in CMS Energy Co. (NYSE:CMS) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,180 shares of the utilities provider’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMS. Headinvest LLC bought a new position in shares of CMS Energy in the third quarter worth approximately $26,000. Scarborough Advisors LLC bought a new position in shares of CMS Energy in the fourth quarter worth approximately $29,000. Voisard Asset Management Group Inc. bought a new position in shares of CMS Energy in the fourth quarter worth approximately $36,000. Tobam increased its position in shares of CMS Energy by 2,432.3% in the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of CMS Energy by 30.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Price Performance

Shares of CMS stock opened at $59.53 on Monday. 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 company has a market cap of $17.74 billion, a P/E ratio of 18.15, a PEG ratio of 2.37 and a beta of 0.38. The stock’s 50-day moving average is $61.07 and its 200 day moving average is $59.12. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $2.18 billion during 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 quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. Research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 62.80%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the transaction, the senior vice president now owns 68,330 shares of the company’s stock, valued at $4,098,433.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total value of $99,986.66. Following the sale, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares in the company, valued at approximately $5,968,370.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027 shares of company stock worth $365,651. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank of Canada cut their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, March 4th. KeyCorp upped their target price on CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Barclays upped their target price on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Morgan Stanley cut their target price on CMS Energy from $61.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, Scotiabank cut their target price on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.