Strategy Asset Managers LLC Has $362,000 Stock Holdings in CMS Energy Co. (NYSE:CMS)

Strategy Asset Managers LLC lifted its stake in CMS Energy Co. (NYSE:CMS) by 21.5% during the third quarter, Holdings Channel.com reports. The fund owned 5,122 shares of the utilities provider’s stock after buying an additional 906 shares during the period. Strategy Asset Managers LLC’s holdings in CMS Energy were worth $362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TruNorth Capital Management LLC grew its stake in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Innealta Capital LLC bought a new position in shares of CMS Energy in the second quarter valued at $43,000. Covestor Ltd increased its holdings in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the last quarter. Values First Advisors Inc. bought a new stake in CMS Energy during the third quarter worth $56,000. Finally, Voisard Asset Management Group Inc. lifted its stake in 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 during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Down 0.1 %

Shares of CMS opened at $68.52 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 2.72 and a beta of 0.41. The stock has a fifty day moving average of $69.73 and a 200-day moving average of $65.40.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.01%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is presently 58.86%.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Evercore ISI raised CMS Energy to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Bank of America lifted 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.29.

About CMS Energy

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.