Envestnet Portfolio Solutions Inc. Has $5.12 Million Position in CMS Energy Co. (NYSE:CMS)

Envestnet Portfolio Solutions Inc. lowered its holdings in CMS Energy Co. (NYSE:CMS) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,783 shares of the utilities provider’s stock after selling 2,286 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CMS Energy were worth $5,118,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after purchasing an additional 719,093 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock worth $528,713,000 after acquiring an additional 105,062 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after acquiring an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of CMS Energy by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after acquiring an additional 56,882 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of CMS Energy by 10.0% during the fourth quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider’s stock worth $108,077,000 after acquiring an additional 147,540 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insiders Place Their Bets

In other news, Director John G. Russell sold 28,750 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,950 shares of company stock worth $2,682,720 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Up 0.3 %

Shares of CMS Energy stock opened at $73.46 on Wednesday. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06. The business has a 50-day moving average of $69.35 and a two-hundred day moving average of $69.01. The company has a market capitalization of $21.95 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, equities analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a $0.5425 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy’s dividend payout ratio is 65.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Barclays upgraded CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Guggenheim restated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

About CMS Energy

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.