CMS Energy Co. (NYSE:CMS) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its stake in shares of CMS Energy Co. (NYSE:CMS) by 65.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,668 shares of the utilities provider’s stock after selling 57,235 shares during the quarter. Edgestream Partners L.P.’s holdings in CMS Energy were worth $2,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in CMS Energy by 10.4% in the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. boosted its position in CMS Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after buying an additional 25,196 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after buying an additional 800,344 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in CMS Energy by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after buying an additional 233,633 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group assumed coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. KeyCorp upped their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lowered their price objective on 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 assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.21.

CMS Energy Price Performance

CMS stock opened at $68.40 on Tuesday. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market capitalization of $20.44 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. The business has a 50 day simple moving average of $69.70 and a 200-day simple moving average of $65.81.

CMS Energy (NYSE:CMS) last issued its 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. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the business earned $0.61 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Insider Activity

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

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.