Partners Group Holding AG Has $51.86 Million Position in CMS Energy Co. (NYSE:CMS)

Partners Group Holding AG lifted its position in CMS Energy Co. (NYSE:CMS - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,278 shares of the utilities provider's stock after acquiring an additional 38,296 shares during the quarter. CMS Energy makes up approximately 3.5% of Partners Group Holding AG's portfolio, making the stock its 9th largest position. Partners Group Holding AG owned about 0.25% of CMS Energy worth $51,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMS. First Horizon Advisors Inc. grew its position in 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 buying an additional 275 shares during the period. Covestor Ltd grew its position in shares of 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 increased its stake in shares of 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 during the last quarter. Innealta Capital LLC purchased a new position in CMS Energy in the second quarter valued at approximately $43,000. Finally, Values First Advisors Inc. bought a new position in CMS Energy during the third quarter valued at $56,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS traded up $0.75 during trading hours on Tuesday, reaching $70.42. 2,265,144 shares of the company's stock traded hands, compared to its average volume of 2,273,404. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm's 50 day simple moving average is $69.70 and its 200-day simple moving average is $65.57. The stock has a market cap of $21.04 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. 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 released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Equities analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

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

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm'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 transaction, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the senior vice president now directly owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMS. Barclays boosted 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. 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 objective on the stock. Scotiabank increased their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. KeyCorp boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company raised their price objective 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company 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.