Orion Portfolio Solutions LLC Raises Holdings in CMS Energy Co. (NYSE:CMS)

Orion Portfolio Solutions LLC boosted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,540 shares of the utilities provider’s stock after buying an additional 3,347 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CMS Energy were worth $1,945,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CMS. Mackenzie Financial Corp boosted its stake in CMS Energy by 0.6% in the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after acquiring an additional 157 shares in the last quarter. Voisard Asset Management Group Inc. boosted its stake in CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in CMS Energy by 5.4% in the third quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 187 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in CMS Energy by 1.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after acquiring an additional 200 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in CMS Energy by 25.6% in the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 200 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CMS. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. BMO Capital Markets lowered their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, KeyCorp lifted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.

CMS Energy Trading Up 0.3 %

Shares of CMS Energy stock opened at $67.05 on Friday. 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 firm has a fifty day moving average price of $69.29 and a 200 day moving average price of $66.05. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The stock has a market cap of $20.03 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 2.68 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.515 dividend. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.07%. CMS Energy’s payout ratio is presently 58.86%.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

About CMS Energy

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.