Catalyst Capital Advisors LLC Makes New $73,000 Investment in CMS Energy Co. (NYSE:CMS)

Catalyst Capital Advisors LLC acquired a new position in shares of CMS Energy Co. (NYSE:CMS) in the fourth quarter, Holdings Channel reports. The fund acquired 1,088 shares of the utilities provider’s stock, valued at approximately $73,000.

Other hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its position in CMS Energy by 106.8% during the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 235 shares during the period. First Horizon Advisors Inc. lifted its position in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group acquired a new stake in CMS Energy during the 3rd quarter worth approximately $40,000. Covestor Ltd raised its stake in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new position in shares of CMS Energy during the 3rd quarter worth approximately $56,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the sale, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,386 shares of company stock worth $2,559,136. 0.40% of the stock is owned by insiders.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $69.54 on Wednesday. The business’s fifty day moving average price is $66.96 and its two-hundred day moving average price is $68.14. The stock has a market cap of $20.78 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.48 and a beta of 0.42. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy Co. has a one year low of $56.31 and a one year high of $72.40.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. On average, analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s dividend payout ratio is 65.36%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMS. Morgan Stanley cut their target price on 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. Guggenheim reissued a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Scotiabank increased their target price on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets cut their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.15.

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.