B. Riley Wealth Advisors Inc. Has $246,000 Holdings in CMS Energy Co. (NYSE:CMS)

B. Riley Wealth Advisors Inc. lessened its stake in shares of CMS Energy Co. (NYSE:CMS) by 19.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,473 shares of the utilities provider’s stock after selling 843 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CMS Energy were worth $246,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quest Partners LLC lifted its holdings in CMS Energy by 130,804.3% during the second quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider’s stock valued at $1,792,000 after purchasing an additional 30,085 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of CMS Energy by 6.2% during the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider’s stock valued at $1,658,000 after acquiring an additional 1,631 shares during the last quarter. Mizuho Securities USA LLC increased its position in shares of CMS Energy by 992.4% during the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after buying an additional 228,501 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock worth $537,503,000 after acquiring an additional 719,093 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in CMS Energy by 14.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider’s stock worth $52,677,000 after acquiring an additional 109,424 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the sale, the senior vice president now directly owns 63,197 shares in the company, valued at approximately $4,248,102.34. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,686 shares of company stock valued at $2,228,084 in the last quarter. Company insiders own 0.40% of the company’s stock.

CMS Energy Price Performance

CMS opened at $66.61 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average price is $68.81 and its 200 day moving average price is $66.28. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, sell-side analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.09%. CMS Energy’s dividend payout ratio is presently 58.86%.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent research reports. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays upped their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Morgan Stanley lowered their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.

CMS Energy Company 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.