3,235 Shares in CMS Energy Co. (NYSE:CMS) Acquired by Orion Portfolio Solutions LLC

Posted by Defense World Staff on May 15th, 2023

Orion Portfolio Solutions LLC bought a new position in shares of CMS Energy Co. (NYSE:CMS – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,235 shares of the utilities provider’s stock, valued at approximately $205,000.

Other hedge funds have also recently bought and sold shares of the company. Covington Capital Management acquired a new stake in CMS Energy during the third quarter worth approximately $27,000. Motco acquired a new position in CMS Energy in the 3rd quarter worth $29,000. Parkside Financial Bank & Trust lifted its holdings in CMS Energy by 63.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 821 shares of the utilities provider’s stock worth $48,000 after buying an additional 320 shares in the last quarter. BerganKDV Wealth Management LLC raised its stake in shares of CMS Energy by 1,614.6% in the 4th quarter. BerganKDV Wealth Management LLC now owns 823 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 775 shares in the last quarter. Finally, Dupont Capital Management Corp grew its position in shares of CMS Energy by 23.1% during the 4th quarter. Dupont Capital Management Corp now owns 975 shares of the utilities provider’s stock valued at $62,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 92.16% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS opened at $61.72 on Monday. The company’s fifty day moving average is $61.05 and its 200-day moving average is $61.22. CMS Energy Co. has a 12 month low of $52.41 and a 12 month high of $71.97. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.49 and a beta of 0.36. The company has a quick ratio of 0.77, a current ratio of 1.02 and a debt-to-equity ratio of 1.76.

CMS Energy (NYSE:CMS – Get Rating) last posted its earnings results on Thursday, April 27th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. CMS Energy had a net margin of 8.09% and a return on equity of 9.59%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business posted $1.20 EPS. CMS Energy’s revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that CMS Energy Co. will post 3.1 EPS for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 5th will be issued a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, May 4th. CMS Energy’s dividend payout ratio (DPR) is presently 83.69%.

Wall Street Analysts Forecast Growth

CMS has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of CMS Energy from $70.00 to $69.00 and set an “outperform” rating for the company in a report on Tuesday, February 14th. Mizuho cut their target price on shares of CMS Energy from $69.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Morgan Stanley upped their price target on shares of CMS Energy from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. TheStreet upgraded shares of CMS Energy from a “c+” rating to a “b-” rating in a research note on Tuesday, April 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $71.00 price objective on shares of CMS Energy in a research note on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.11.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $60.00, for a total value of $75,000.00. Following the completion of the sale, the senior vice president now owns 62,881 shares in the company, valued at approximately $3,772,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CMS Energy news, SVP Brian F. Rich sold 4,000 shares of CMS Energy stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $61.72, for a total value of $246,880.00. Following the transaction, the senior vice president now owns 91,927 shares of the company’s stock, valued at $5,673,734.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 1,250 shares of CMS Energy stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $60.00, for a total transaction of $75,000.00. Following the completion of the transaction, the senior vice president now directly owns 62,881 shares in the company, valued at approximately $3,772,860. The disclosure for this sale can be found here. In the last three months, insiders sold 6,500 shares of company stock valued at $396,880. Company insiders own 0.40% of the company’s stock.

CMS Energy Profile

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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.