118,681 Shares in CMS Energy Co. (NYSE:CMS) Bought by DRW Securities LLC

DRW Securities LLC bought a new position in CMS Energy Co. (NYSE:CMS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 118,681 shares of the utilities provider’s stock, valued at approximately $8,382,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after purchasing an additional 157 shares during the period. Voisard Asset Management Group Inc. grew its position in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares during the period. OneDigital Investment Advisors LLC grew its position in CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 187 shares during the period. Continuum Advisory LLC grew its position in CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 205 shares during the period. Finally, Tobam grew its position in CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. 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 research report on Thursday, August 29th. KeyCorp raised their target price on CMS Energy from $73.00 to $76.00 and gave the company 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 set a “buy” rating and a $76.00 target price on the stock. BMO Capital Markets dropped their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $70.21.

CMS Energy Trading Up 0.4 %

CMS opened at $69.52 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The company’s 50 day simple moving average is $69.72 and its two-hundred day simple moving average is $65.52. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40. The firm has a market capitalization of $20.77 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced 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 2.96%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred 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 sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. The trade was a 3.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

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.