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

Coldstream Capital Management Inc. raised its holdings in shares of CMS Energy Co. (NYSE:CMS) by 16.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,459 shares of the utilities provider’s stock after purchasing an additional 625 shares during the quarter. Coldstream Capital Management Inc.’s holdings in CMS Energy were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after acquiring an additional 3,473,977 shares in the last quarter. Raymond James & Associates increased its holdings in CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after purchasing an additional 851,364 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares in the last quarter. Railway Pension Investments Ltd bought a new position in shares of CMS Energy in the second quarter valued at approximately $47,082,000. Finally, National Bank of Canada FI boosted its position in shares of CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after buying an additional 715,891 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CMS shares. Barclays increased their price target 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 price target 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. Scotiabank boosted their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a report on Thursday. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Finally, Wells Fargo & Company boosted their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.36.

CMS Energy Stock Performance

Shares of CMS opened at $67.32 on Monday. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. 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 stock’s fifty day moving average price is $69.13 and its two-hundred day moving average price is $66.17. The firm has a market cap of $20.11 billion, a PE ratio of 19.23, a PEG ratio of 2.66 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its quarterly earnings data 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 the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

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

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction that occurred 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 owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 64,771 shares in the company, valued at $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.

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.