DRW Securities LLC Takes Position in CMS Energy Co. (NYSE:CMS)

DRW Securities LLC purchased a new stake in shares of CMS Energy Co. (NYSE:CMS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 118,681 shares of the utilities provider’s stock, valued at approximately $8,382,000.

Several other institutional investors have also recently made changes to their positions in CMS. First Horizon Advisors Inc. increased its holdings in CMS Energy by 171.9% in the 3rd 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 last quarter. Covestor Ltd lifted its position 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. TruNorth Capital Management LLC lifted its position in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 578 shares during the last quarter. Innealta Capital LLC purchased a new stake in CMS Energy in the second quarter valued at $43,000. Finally, Values First Advisors Inc. purchased a new stake in CMS Energy in the third quarter valued at $56,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. KeyCorp boosted their price target 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. BMO Capital Markets reduced their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Morgan Stanley reduced their target price on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday. Bank of America upped their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group started coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.21.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.53% of the company’s stock.

CMS Energy Trading Up 0.4 %

Shares of CMS opened at $69.52 on Monday. 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’s 50-day moving average is $69.72 and its two-hundred day moving average is $65.52. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The firm has a market capitalization of $20.77 billion, a P/E ratio of 19.86, a PEG ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released 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. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. On average, research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. CMS Energy’s dividend payout ratio is currently 58.86%.

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.