Sanctuary Advisors LLC Has $2.43 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Sanctuary Advisors LLC increased its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 34.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,904 shares of the utilities provider's stock after purchasing an additional 8,975 shares during the quarter. Sanctuary Advisors LLC's holdings in CMS Energy were worth $2,427,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quest Partners LLC lifted its position in shares of CMS Energy by 130,804.3% during the 2nd quarter. Quest Partners LLC now owns 30,108 shares of the utilities provider's stock valued at $1,792,000 after acquiring an additional 30,085 shares during the last quarter. Cetera Investment Advisers raised its position in CMS Energy by 6.2% during the second quarter. Cetera Investment Advisers now owns 27,850 shares of the utilities provider's stock valued at $1,658,000 after buying an additional 1,631 shares during the period. Mizuho Securities USA LLC lifted its position in shares of CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock worth $18,075,000 after purchasing an additional 228,501 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after purchasing an additional 719,093 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of CMS Energy by 14.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 884,878 shares of the utilities provider's stock valued at $52,677,000 after buying an additional 109,424 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

NYSE:CMS traded down $1.19 during trading hours on Wednesday, hitting $65.85. 2,044,708 shares of the company traded hands, compared to its average volume of 2,289,011. 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 stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.66 and a beta of 0.41. The firm has a 50-day moving average of $68.93 and a 200 day moving average of $66.24. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion during 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 firm's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. On average, analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio is 58.86%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value 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 $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the 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 in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,936 shares of company stock valued at $334,896. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday, November 5th. They set a "buy" rating and a $76.00 price objective for the company. BMO Capital Markets lowered their price target on CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Barclays lifted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. KeyCorp increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Finally, Bank of America lifted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. One 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.36.

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.