Elevated Capital Advisors LLC Sells 168 Shares of CMS Energy Co. (NYSE:CMS)

Elevated Capital Advisors LLC decreased its stake in shares of CMS Energy Co. (NYSE:CMS) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,463 shares of the utilities provider’s stock after selling 168 shares during the period. Elevated Capital Advisors LLC’s holdings in CMS Energy were worth $831,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Meeder Advisory Services Inc. boosted its stake in CMS Energy by 10.6% during the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider’s stock valued at $842,000 after buying an additional 1,147 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of CMS Energy by 6.2% during the 2nd 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 grew its holdings in shares of CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider’s stock valued at $18,075,000 after purchasing an additional 228,501 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position 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 purchasing an additional 719,093 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in CMS Energy by 14.1% during the second quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider’s stock valued at $52,677,000 after purchasing an additional 109,424 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Down 0.3 %

NYSE CMS traded down $0.21 on Monday, hitting $64.88. The stock had a trading volume of 2,182,825 shares, compared to its average volume of 1,495,045. The business’s fifty day moving average price is $67.55 and its 200 day moving average price is $67.01. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40.

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

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.515 dividend. 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 3.18%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Wall Street Analyst Weigh In

Several research firms recently commented on CMS. 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 target for the company. Scotiabank lifted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. StockNews.com lowered CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. 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, November 22nd. Finally, Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.36.

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.