Banque Cantonale Vaudoise Purchases 5,937 Shares of CMS Energy Co. (NYSE:CMS)

Banque Cantonale Vaudoise increased its position in shares of CMS Energy Co. (NYSE:CMS) by 42.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,936 shares of the utilities provider’s stock after buying an additional 5,937 shares during the period. Banque Cantonale Vaudoise’s holdings in CMS Energy were worth $1,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMS. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after purchasing an additional 3,473,977 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of CMS Energy by 105.9% during the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after buying an additional 800,344 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of CMS Energy by 46.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after buying an additional 421,059 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after purchasing an additional 233,633 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of CMS Energy by 310.2% during the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after purchasing an additional 851,364 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the sale, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS opened at $68.52 on Thursday. The company’s 50 day moving average is $69.73 and its 200-day moving average is $65.40. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The firm has a market cap of $20.47 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The company 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%. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Sell-side analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is currently 58.86%.

Analyst Ratings Changes

CMS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. BMO Capital Markets lowered their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Bank of America lifted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

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.