U.S. Capital Wealth Advisors LLC Takes Position in CMS Energy Co. (NYSE:CMS)

Posted by Defense World Staff on Apr 30th, 2023

U.S. Capital Wealth Advisors LLC bought a new stake in CMS Energy Co. (NYSE:CMS – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,334 shares of the utilities provider’s stock, valued at approximately $84,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of CMS Energy by 12.4% in the 3rd quarter. IFP Advisors Inc now owns 8,764 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 965 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of CMS Energy by 7.2% in the 3rd quarter. Texas Permanent School Fund now owns 41,061 shares of the utilities provider’s stock valued at $2,391,000 after acquiring an additional 2,740 shares during the last quarter. Strs Ohio lifted its stake in shares of CMS Energy by 43.3% in the 3rd quarter. Strs Ohio now owns 226,711 shares of the utilities provider’s stock valued at $13,203,000 after acquiring an additional 68,468 shares during the last quarter. Fulton Bank N.A. bought a new stake in shares of CMS Energy in the 4th quarter valued at about $292,000. Finally, Ronald Blue Trust Inc. raised its position in CMS Energy by 99.8% during the 4th quarter. Ronald Blue Trust Inc. now owns 6,004 shares of the utilities provider’s stock valued at $350,000 after purchasing an additional 2,999 shares during the last quarter. Institutional investors own 92.16% of the company’s stock.

CMS Energy Stock Down 0.4 %

CMS stock opened at $62.26 on Friday. CMS Energy Co. has a fifty-two week low of $52.41 and a fifty-two week high of $71.97. The business’s 50 day moving average price is $60.75 and its two-hundred day moving average price is $60.71. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.78 and a current ratio of 1.98. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36.

CMS Energy (NYSE:CMS – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 9.66% and a net margin of 8.09%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, analysts forecast that CMS Energy Co. will post 3.1 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 5th will be paid a $0.4875 dividend. The ex-dividend date is Thursday, May 4th. This represents a $1.95 annualized dividend and a dividend yield of 3.13%. CMS Energy’s payout ratio is currently 68.42%.

Insider Buying and Selling

In related news, SVP Shaun M. Johnson sold 814 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $61.74, for a total value of $50,256.36. Following the sale, the senior vice president now owns 57,304 shares in the company, valued at approximately $3,537,948.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Shaun M. Johnson sold 814 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $61.74, for a total value of $50,256.36. Following the sale, the senior vice president now owns 57,304 shares in the company, valued at approximately $3,537,948.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 1,250 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $60.00, for a total value of $75,000.00. Following the sale, the senior vice president now owns 62,881 shares in the company, valued at $3,772,860. The disclosure for this sale can be found here. Insiders have sold 7,314 shares of company stock worth $447,136 in the last 90 days. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent analyst reports. Bank of America raised CMS Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $68.00 to $66.00 in a research report on Wednesday, March 8th. BMO Capital Markets lowered their price target on CMS Energy from $70.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, February 14th. Guggenheim lowered their price target on CMS Energy from $68.00 to $65.00 in a research report on Monday, April 24th. TheStreet raised CMS Energy from a “c+” rating to a “b-” rating in a research report on Tuesday, April 11th. Finally, Mizuho lowered their price target on CMS Energy from $69.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $68.11.

About CMS Energy

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CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.