Entropy Technologies LP Decreases Stock Position in CMS Energy Co. (NYSE:CMS)

Entropy Technologies LP decreased its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 74.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,453 shares of the utilities provider's stock after selling 124,405 shares during the period. Entropy Technologies LP's holdings in CMS Energy were worth $3,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMS. Covestor Ltd raised its position 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 during the last quarter. TruNorth Capital Management LLC raised its position 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 during the last quarter. Headlands Technologies LLC acquired a new position in CMS Energy during the first quarter worth about $43,000. Innealta Capital LLC acquired a new position in CMS Energy during the second quarter worth about $43,000. Finally, Values First Advisors Inc. acquired a new position in CMS Energy during the third quarter worth about $56,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analyst Weigh In

CMS has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a "buy" rating and a $76.00 target price for the company. BMO Capital Markets lowered their price target on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Monday, November 4th. Finally, Barclays lifted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $70.29.

CMS Energy Trading Down 0.8 %

Shares of CMS Energy stock traded down $0.52 during trading hours on Tuesday, hitting $68.08. The company's stock had a trading volume of 1,982,497 shares, compared to its average volume of 2,278,537. CMS Energy Co. has a 1-year low of $54.99 and a 1-year high of $72.40. The business has a fifty day moving average of $69.83 and a 200 day moving average of $65.06. The company has a market capitalization of $20.34 billion, a PE ratio of 19.61, a P/E/G ratio of 2.67 and a beta of 0.41. 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 (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (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 company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.03%. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. 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.