J.W. Cole Advisors Inc. purchased a new stake in shares of CMS Energy Co. (NYSE:CMS – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,566 shares of the utilities provider's stock, valued at approximately $50,000.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of CMS Energy during the fourth quarter valued at $38,000. AGF Investments LLC purchased a new position in shares of CMS Energy during the first quarter valued at $39,000. Cranbrook Wealth Management LLC purchased a new position in shares of CMS Energy during the first quarter valued at $61,000. Cambridge Trust Co. increased its stake in shares of CMS Energy by 334.1% during the first quarter. Cambridge Trust Co. now owns 890 shares of the utilities provider's stock valued at $62,000 after buying an additional 685 shares during the period. Finally, SouthState Corp increased its stake in shares of CMS Energy by 4,545.5% during the first quarter. SouthState Corp now owns 1,022 shares of the utilities provider's stock valued at $71,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 92.62% of the company's stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $65.26 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.65 and a current ratio of 1.00. The company has a market cap of $18.94 billion, a PE ratio of 14.34, a P/E/G ratio of 2.76 and a beta of 0.28. The business has a 50-day simple moving average of $68.03 and a two-hundred day simple moving average of $68.29. CMS Energy Co. has a fifty-two week low of $58.51 and a fifty-two week high of $73.76.

CMS Energy Increases Dividend

Wall Street Analyst Weigh In

CMS has been the topic of several analyst reports. Morgan Stanley cut their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday. BMO Capital Markets cut their target price on CMS Energy from $80.00 to $71.00 and set an "outperform" rating on the stock in a research note on Monday, June 27th. Barclays cut their target price on CMS Energy from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Finally, Mizuho cut their target price on CMS Energy from $74.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $70.80.

About CMS Energy

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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.

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