Checchi Capital Advisers LLC Invests $225,000 in CMS Energy Co. (NYSE:CMS)

Checchi Capital Advisers LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMSGet Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,269 shares of the utilities provider’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMS. Hallmark Capital Management Inc. acquired a new position in CMS Energy in the 2nd quarter valued at approximately $34,000. AGF Investments LLC bought a new position in shares of CMS Energy during the first quarter valued at about $39,000. Clear Street Markets LLC raised its position in CMS Energy by 409.2% in the second quarter. Clear Street Markets LLC now owns 606 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 487 shares during the period. J.W. Cole Advisors Inc. bought a new stake in CMS Energy in the first quarter worth about $50,000. Finally, AdvisorNet Financial Inc raised its position in CMS Energy by 48.9% in the second quarter. AdvisorNet Financial Inc now owns 886 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 291 shares during the period. Institutional investors own 92.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CMS shares. StockNews.com started coverage on shares of CMS Energy in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Mizuho lowered their price objective on shares of CMS Energy from $73.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. TheStreet downgraded shares of CMS Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. Wells Fargo & Company reduced their target price on shares of CMS Energy from $78.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Finally, Guggenheim reduced their target price on shares of CMS Energy from $70.00 to $57.00 in a research note on Monday, October 24th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $66.67.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $60.83 on Thursday. The company has a 50 day moving average of $58.93 and a 200 day moving average of $64.73. The stock has a market cap of $17.66 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.59 and a beta of 0.33. CMS Energy Co. has a 12 month low of $52.41 and a 12 month high of $73.76. The company has a current ratio of 1.22, a quick ratio of 0.69 and a debt-to-equity ratio of 1.75.

CMS Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Friday, November 4th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, November 3rd. This represents a $1.84 annualized dividend and a yield of 3.02%. CMS Energy’s dividend payout ratio is currently 41.16%.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 875 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $57.17, for a total transaction of $50,023.75. Following the completion of the transaction, the chief accounting officer now owns 22,907 shares of the company’s stock, valued at $1,309,593.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

About CMS Energy

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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