First Horizon Advisors Inc. Acquires 275 Shares of CMS Energy Co. (NYSE:CMS)

First Horizon Advisors Inc. increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 171.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 435 shares of the utilities provider’s stock after buying an additional 275 shares during the period. First Horizon Advisors Inc.’s holdings in CMS Energy were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after buying an additional 3,473,977 shares during the last quarter. Raymond James & Associates grew its stake in shares of CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after acquiring an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of CMS Energy by 105.9% during the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after acquiring an additional 800,344 shares in the last quarter. Railway Pension Investments Ltd purchased a new position in shares of CMS Energy in the 2nd quarter worth about $47,082,000. Finally, Zimmer Partners LP boosted its stake in CMS Energy by 448.5% in the 1st quarter. Zimmer Partners LP now owns 860,524 shares of the utilities provider’s stock worth $51,924,000 after purchasing an additional 703,644 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS opened at $69.66 on Tuesday. The company’s 50 day moving average is $69.70 and its 200 day 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. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly 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 business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, equities research analysts predict 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. Shareholders of record on Wednesday, November 13th will be given a $0.515 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.96%. CMS Energy’s dividend payout ratio is presently 58.86%.

Insider Transactions at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were 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 owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Jefferies Financial Group began coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Bank of America increased their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Scotiabank boosted their price target on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.21.

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.