CMS Energy Co. (NYSE:CMS) Position Raised by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 404.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 892,734 shares of the utilities provider's stock after buying an additional 715,891 shares during the period. National Bank of Canada FI owned approximately 0.30% of CMS Energy worth $63,053,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after acquiring an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new stake in CMS Energy during the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC increased its position in CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock worth $42,000 after purchasing an additional 578 shares in the last quarter. Innealta Capital LLC purchased a new position in CMS Energy in the second quarter valued at approximately $43,000. Finally, Covestor Ltd lifted its position in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after buying an additional 472 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. StockNews.com downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Thursday, November 28th. BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Barclays raised their target price on CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price target on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. One equities 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.21.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Stock Performance

CMS traded down $0.21 during trading hours on Friday, hitting $67.17. 3,485,140 shares of the stock were exchanged, compared to its average volume of 2,180,001. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. The stock has a 50-day simple moving average of $69.50 and a 200-day simple moving average of $65.95. 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 quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. Analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were 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 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy's dividend payout ratio is presently 58.86%.

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.