Cullen Frost Bankers Inc. bought a new position in CMS Energy Co. (NYSE:CMS) in the 1st quarter, HoldingsChannel reports. The fund bought 2,094 shares of the utilities provider’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reilly Financial Advisors LLC bought a new position in CMS Energy in the 4th quarter worth about $25,000. Clean Yield Group bought a new position in CMS Energy in the 4th quarter worth about $27,000. Oregon Public Employees Retirement Fund grew its position in CMS Energy by 4,803.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 1,483,006 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in CMS Energy in the 4th quarter worth about $30,000. Finally, Advisors Preferred LLC bought a new position in CMS Energy in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 92.81% of the company’s stock.

In related news, SVP Catherine M. Reynolds sold 8,187 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total transaction of $434,074.74. Following the completion of the sale, the senior vice president now directly owns 129,389 shares of the company’s stock, valued at $6,860,204.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Glenn P. Barba sold 8,500 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $54.95, for a total transaction of $467,075.00. Following the sale, the vice president now directly owns 28,555 shares of the company’s stock, valued at $1,569,097.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,487 shares of company stock valued at $1,831,030. Company insiders own 0.52% of the company’s stock.

Several research analysts have commented on CMS shares. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, April 11th. Goldman Sachs Group initiated coverage on shares of CMS Energy in a report on Wednesday, January 16th. They issued a “neutral” rating and a $52.00 price objective for the company. Zacks Investment Research cut shares of CMS Energy from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Argus increased their price objective on shares of CMS Energy from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.77.

CMS Energy stock opened at $55.11 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $15.68 billion, a PE ratio of 24.89, a P/E/G ratio of 3.47 and a beta of 0.18. CMS Energy Co. has a 12-month low of $42.52 and a 12-month high of $56.29.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.96 billion. CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. As a group, sell-side analysts anticipate that CMS Energy Co. will post 2.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a dividend of $0.3825 per share. This represents a $1.53 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, May 2nd. CMS Energy’s dividend payout ratio is presently 65.67%.

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About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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