CMS Energy Co. (NYSE:CMS) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 34.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,904 shares of the utilities provider’s stock after purchasing an additional 8,975 shares during the quarter. Sanctuary Advisors LLC’s holdings in CMS Energy were worth $2,427,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in CMS Energy by 36.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,261 shares of the utilities provider’s stock valued at $1,385,000 after acquiring an additional 6,247 shares during the last quarter. Raymond James & Associates boosted its holdings in CMS Energy by 3.3% in the second quarter. Raymond James & Associates now owns 274,495 shares of the utilities provider’s stock valued at $16,341,000 after acquiring an additional 8,741 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in CMS Energy by 0.5% in the second quarter. Hennessy Advisors Inc. now owns 172,698 shares of the utilities provider’s stock valued at $10,281,000 after acquiring an additional 800 shares during the last quarter. &PARTNERS boosted its holdings in CMS Energy by 602.9% in the second quarter. &PARTNERS now owns 44,220 shares of the utilities provider’s stock valued at $2,632,000 after acquiring an additional 37,929 shares during the last quarter. Finally, DT Investment Partners LLC boosted its holdings in CMS Energy by 594.5% in the second quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 862 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Up 0.5 %

Shares of CMS Energy stock opened at $67.05 on Wednesday. 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 firm has a market cap of $20.03 billion, a P/E ratio of 19.16, a P/E/G 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. The business has a 50-day moving average price of $69.01 and a 200 day moving average price of $66.24.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data 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 firm had revenue of $1.74 billion during 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%. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. On average, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 3.07%. The ex-dividend date was Wednesday, November 13th. CMS Energy’s payout ratio is currently 58.86%.

Wall Street Analyst Weigh In

CMS has been the topic of several research reports. Scotiabank raised their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. BMO Capital Markets cut 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. KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $70.36.

Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now owns 63,197 shares of the company’s stock, valued at approximately $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,936 shares of company stock valued at $334,896 over the last three months. 0.40% of the stock is owned by insiders.

About CMS Energy

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.