Centiva Capital LP Cuts Position in CMS Energy Co. (NYSE:CMS)

Centiva Capital LP reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 35.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,978 shares of the utilities provider's stock after selling 11,585 shares during the period. Centiva Capital LP's holdings in CMS Energy were worth $1,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of CMS Energy during the 3rd quarter worth about $40,000. TruNorth Capital Management LLC lifted its position in shares of CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock worth $42,000 after acquiring an additional 578 shares during the period. Innealta Capital LLC bought a new position in CMS Energy in the 2nd quarter valued at $43,000. Finally, Covestor Ltd lifted 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 acquiring an additional 472 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. StockNews.com downgraded CMS Energy from a "hold" rating to a "sell" rating in a report on Thursday, November 28th. Scotiabank raised their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. BMO Capital Markets dropped their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley dropped their price objective 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, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.21.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the senior vice president now directly owns 64,771 shares of the company's stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

CMS Energy Stock Down 1.1 %

Shares of CMS stock traded down $0.75 during trading hours on Wednesday, reaching $67.50. The company had a trading volume of 2,913,344 shares, compared to its average volume of 2,264,899. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.73 and a beta of 0.41. The business has a fifty day simple moving average of $69.62 and a 200-day simple moving average of $65.86. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $0.61 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.515 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.05%. CMS Energy's dividend payout ratio is presently 58.86%.

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.