Coldstream Capital Management Inc. Acquires 625 Shares of CMS Energy Co. (NYSE:CMS)

Coldstream Capital Management Inc. increased its stake in CMS Energy Co. (NYSE:CMS) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,459 shares of the utilities provider’s stock after purchasing an additional 625 shares during the period. Coldstream Capital Management Inc.’s holdings in CMS Energy were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares during the last quarter. Brooklyn Investment Group purchased a new position in CMS Energy in the third quarter worth $40,000. Covestor Ltd increased its stake in 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 acquiring an additional 472 shares during the last quarter. Innealta Capital LLC purchased a new stake in CMS Energy during the second quarter valued at about $43,000. Finally, Values First Advisors Inc. bought a new stake in CMS Energy during the third quarter worth about $56,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Up 0.4 %

Shares of NYSE CMS opened at $67.32 on Monday. The firm has a fifty day simple moving average of $69.13 and a two-hundred day simple moving average of $66.17. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $20.11 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.66 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, 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business posted $0.61 earnings per share. CMS Energy’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts expect 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 an increase 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 3.06%. CMS Energy’s dividend payout ratio is 58.86%.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction dated 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. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated 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 owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMS. Jefferies Financial Group started coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price objective on the stock. Scotiabank lifted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday. KeyCorp boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Finally, Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.36.

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.