Edgestream Partners L.P. Trims Stock Position in CMS Energy Co. (NYSE:CMS)

Edgestream Partners L.P. decreased its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 65.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,668 shares of the utilities provider's stock after selling 57,235 shares during the quarter. Edgestream Partners L.P.'s holdings in CMS Energy were worth $2,095,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock valued at $1,511,000 after buying an additional 157 shares in the last quarter. Voisard Asset Management Group Inc. raised its holdings in shares of CMS Energy by 25.7% during 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. OneDigital Investment Advisors LLC increased its position in shares of CMS Energy by 5.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after purchasing an additional 187 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock worth $1,107,000 after purchasing an additional 200 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in CMS Energy by 25.6% in the 3rd quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research reports. Morgan Stanley dropped their target price 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. StockNews.com downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Thursday, November 28th. Scotiabank boosted their target price on CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Mizuho cut CMS Energy from an "outperform" rating to a "neutral" rating and cut their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Bank of America boosted their price objective 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.21.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm's 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 sale, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

CMS Energy Trading Down 0.2 %

Shares of NYSE CMS traded down $0.15 during trading on Tuesday, reaching $68.26. The stock had a trading volume of 1,939,185 shares, compared to its average volume of 2,159,862. The business's 50-day moving average price is $69.66 and its 200-day moving average price is $65.85. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The company has a market cap of $20.39 billion, a P/E ratio of 19.50, a PEG ratio of 2.73 and a beta of 0.41.

CMS Energy (NYSE:CMS - Get Free Report) last issued 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 analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.515 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. CMS Energy's payout ratio is 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.