Insigneo Advisory Services LLC Lowers Holdings in CMS Energy Co. (NYSE:CMS)

Insigneo Advisory Services LLC reduced its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 73.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,838 shares of the utilities provider's stock after selling 10,442 shares during the quarter. Insigneo Advisory Services LLC's holdings in CMS Energy were worth $271,000 at the end of the most recent quarter.

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

Insider Transactions at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

CMS Energy Stock Up 0.0 %

Shares of NYSE CMS traded up $0.02 during midday trading on Tuesday, reaching $67.67. 2,626,442 shares of the company's stock traded hands, compared to its average volume of 2,279,735. The company has a market cap of $20.22 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 2.68 and a beta of 0.41. The stock's 50 day simple moving average is $69.44 and its 200-day simple moving average is $66.00. 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 one year low of $55.10 and a one year high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. On average, analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.515 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.04%. This is an increase from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's payout ratio is presently 58.86%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMS shares. BMO Capital Markets reduced their price objective on CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Mizuho lowered shares of CMS Energy from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Bank of America lifted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Finally, Barclays raised their price objective 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. 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.21.

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.