Tidal Investments LLC Grows Stock Holdings in CMS Energy Co. (NYSE:CMS)

Tidal Investments LLC lifted its position in shares of CMS Energy Co. (NYSE:CMS) by 17.6% in the third quarter, HoldingsChannel.com reports. The firm owned 19,780 shares of the utilities provider’s stock after purchasing an additional 2,965 shares during the period. Tidal Investments LLC’s holdings in CMS Energy were worth $1,397,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CMS. Wilmington Savings Fund Society FSB bought a new stake in shares of CMS Energy in the 3rd quarter worth approximately $589,000. World Investment Advisors LLC purchased a new stake in CMS Energy in the third quarter worth $248,000. Sanctuary Advisors LLC boosted its holdings in CMS Energy by 34.6% in the third quarter. Sanctuary Advisors LLC now owns 34,904 shares of the utilities provider’s stock valued at $2,427,000 after acquiring an additional 8,975 shares in the last quarter. Virtu Financial LLC increased its position in CMS Energy by 18.0% during the 3rd quarter. Virtu Financial LLC now owns 18,358 shares of the utilities provider’s stock valued at $1,297,000 after purchasing an additional 2,800 shares during the period. Finally, M&T Bank Corp raised its holdings in CMS Energy by 0.7% in the 3rd quarter. M&T Bank Corp now owns 483,215 shares of the utilities provider’s stock worth $34,130,000 after purchasing an additional 3,497 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 sale, the senior vice president now directly owns 63,197 shares in the company, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,936 shares of company stock valued at $334,896. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMS. Bank of America boosted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Morgan Stanley lowered 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. Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.36.

CMS Energy Stock Down 1.8 %

Shares of CMS Energy stock opened at $65.85 on Thursday. The company has a 50-day simple moving average of $68.93 and a two-hundred day simple moving average of $66.24. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a market capitalization of $19.67 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41.

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

CMS Energy Increases Dividend

The firm 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 represents a $2.06 annualized dividend and a yield of 3.13%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is presently 58.86%.

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.