Centennial Wealth Advisory LLC Has $706,000 Holdings in CMS Energy Corporation (NYSE:CMS)

Centennial Wealth Advisory LLC raised its holdings in CMS Energy Corporation (NYSE:CMS) by 14.1% during the first quarter, HoldingsChannel.com reports. The fund owned 9,401 shares of the utilities provider’s stock after purchasing an additional 1,159 shares during the period. Centennial Wealth Advisory LLC’s holdings in CMS Energy were worth $706,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BankPlus Trust Department acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC lifted its stake in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 696 shares during the last quarter. Optiver Holding B.V. boosted its position in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider’s stock valued at $54,000 after buying an additional 229 shares in the last quarter. Mizuho Bank Ltd. acquired a new stake in CMS Energy in the fourth quarter valued at approximately $61,000. Finally, Covestor Ltd grew its stake in shares of CMS Energy by 51.9% during the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider’s stock worth $71,000 after buying an additional 364 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president now owns 69,571 shares in the company, valued at $5,121,121.31. The trade was a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

CMS Energy Stock Down 0.5%

CMS Energy stock opened at $68.75 on Thursday. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.46 and a beta of 0.39. CMS Energy Corporation has a 52-week low of $58.50 and a 52-week high of $76.45. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The firm has a 50 day moving average price of $71.30 and a two-hundred day moving average price of $70.02.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Equities analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, May 9th. CMS Energy’s dividend payout ratio is 64.39%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research reports. Scotiabank reiterated an “outperform” rating and issued a $81.00 price target (up from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Jefferies Financial Group increased their target price on CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Barclays raised CMS Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. UBS Group upped their price objective on CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Evercore ISI raised their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.00.

CMS Energy 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.