Wilmington Savings Fund Society FSB Invests $589,000 in CMS Energy Co. (NYSE:CMS)

Wilmington Savings Fund Society FSB acquired a new stake in CMS Energy Co. (NYSE:CMS) during the third quarter, Holdings Channel.com reports. The firm acquired 8,346 shares of the utilities provider’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position 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 period. Brooklyn Investment Group acquired a new position in CMS Energy in the 3rd quarter valued at $40,000. Covestor Ltd raised its holdings in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares during the period. Innealta Capital LLC acquired a new position in CMS Energy during the 2nd quarter worth $43,000. Finally, Values First Advisors Inc. bought a new stake in CMS Energy during the third quarter valued at about $56,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 0.4 %

Shares of CMS opened at $67.32 on Monday. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.66 and a beta of 0.41. The company has a 50-day moving average price of $69.13 and a two-hundred day moving average price of $66.17. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating 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 business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Barclays increased their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley dropped their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, KeyCorp upped their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.36.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was 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 of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

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.