Wilmington Savings Fund Society FSB Acquires Shares of 8,346 CMS Energy Co. (NYSE:CMS)

Wilmington Savings Fund Society FSB purchased a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,346 shares of the utilities provider's stock, valued at approximately $589,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings 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 valued at $31,000 after purchasing an additional 275 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of CMS Energy in the 3rd quarter worth $40,000. Innealta Capital LLC acquired a new position in shares of CMS Energy during the 2nd quarter valued at about $43,000. Covestor Ltd grew its holdings 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 purchasing an additional 472 shares during the period. Finally, Values First Advisors Inc. acquired a new stake in CMS Energy during the third quarter worth about $56,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Down 0.9 %

Shares of CMS Energy stock traded down $0.62 during trading hours on Monday, reaching $66.70. 4,964,770 shares of the company were exchanged, compared to its average volume of 2,287,091. The firm has a market cap of $19.93 billion, a PE ratio of 19.23, a PEG ratio of 2.66 and a beta of 0.41. The stock's fifty day moving average is $69.13 and its 200 day moving average is $66.17. CMS Energy Co. has a 1 year low of $55.10 and a 1 year 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.

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 for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $0.61 EPS. CMS Energy's revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid 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 yield of 3.09%. This is an increase from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's payout ratio is currently 58.86%.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares of the company's stock, valued at $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,936 shares of company stock worth $334,896 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets decreased their target price 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. KeyCorp increased their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price on the stock. Bank of America increased their price target on CMS Energy from $69.00 to $73.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, Scotiabank boosted their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.36.

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.