CMS Energy Co. (NYSE:CMS) Shares Bought by Empowered Funds LLC

Empowered Funds LLC increased its stake in CMS Energy Co. (NYSE:CMS) by 11.5% during the third quarter, HoldingsChannel.com reports. The fund owned 5,028 shares of the utilities provider’s stock after buying an additional 517 shares during the period. Empowered Funds LLC’s holdings in CMS Energy were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CMS. TruNorth Capital Management LLC raised its stake in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares in the last quarter. Innealta Capital LLC bought a new position in shares of CMS Energy during the 2nd quarter valued at $43,000. Covestor Ltd lifted its stake in shares of CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the last quarter. Values First Advisors Inc. bought a new position in CMS Energy during the third quarter valued at about $56,000. Finally, Voisard Asset Management Group Inc. increased its holdings in shares of CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Activity

In other news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Up 0.2 %

NYSE:CMS opened at $69.66 on Tuesday. The stock has a 50-day moving average price of $69.70 and a two-hundred day moving average price of $65.57. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.77 and a beta of 0.41.

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

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. CMS Energy’s payout ratio is presently 58.86%.

Analyst Ratings Changes

CMS has been the subject of several research reports. Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. BMO Capital Markets reduced their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Morgan Stanley dropped 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. KeyCorp increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.21.

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.