CMS Energy Co. (NYSE:CMS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,822,389 shares of the utilities provider's stock after buying an additional 25,196 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of CMS Energy worth $128,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMS. First Horizon Advisors Inc. boosted its position 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 purchasing an additional 275 shares in the last quarter. Covestor Ltd lifted its position in CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 472 shares during the period. TruNorth Capital Management LLC boosted its stake in CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock worth $42,000 after acquiring an additional 578 shares in the last quarter. Innealta Capital LLC bought a new stake in CMS Energy during the second quarter worth about $43,000. Finally, Values First Advisors Inc. purchased a new stake in CMS Energy in the third quarter worth about $56,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, November 20th. BMO Capital Markets dropped their price target on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Scotiabank raised their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group assumed coverage on CMS Energy in a research note on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price target for the company. Finally, Bank of America raised their price target on CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.21.

CMS Energy Price Performance

CMS traded up $0.75 during trading on Tuesday, reaching $70.42. The company's stock had a trading volume of 2,265,144 shares, compared to its average volume of 2,273,404. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The firm has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $65.62. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $0.61 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy's dividend payout ratio is presently 58.86%.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares of the company's stock, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy 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.