CMS Energy Co. (NYSE:CMS) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of CMS Energy Co. (NYSE:CMS) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,028 shares of the utilities provider’s stock after purchasing an additional 517 shares during the period. Empowered Funds LLC’s holdings in CMS Energy were worth $355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd increased its stake in CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 472 shares during the period. TruNorth Capital Management LLC raised its stake in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the last quarter. Innealta Capital LLC purchased a new position in CMS Energy in the 2nd quarter valued at $43,000. Values First Advisors Inc. acquired a new stake in shares of CMS Energy in the 3rd quarter worth $56,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 of the company’s stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Stock Performance

Shares of CMS stock opened at $69.66 on Tuesday. The company’s fifty day simple moving average is $69.70 and its 200-day simple moving average is $65.57. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a market cap of $20.81 billion, a PE ratio of 19.90, a P/E/G ratio of 2.77 and a beta of 0.41.

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

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is presently 58.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMS. KeyCorp increased 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. Morgan Stanley dropped their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday. Bank of America upped their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Finally, Scotiabank raised their target price on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $70.21.

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.