WealthTrust Axiom LLC Trims Position in CMS Energy Co. (CMS)

WealthTrust Axiom LLC cut its stake in CMS Energy Co. (NYSE:CMS) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,900 shares of the utilities provider’s stock after selling 2,000 shares during the period. WealthTrust Axiom LLC’s holdings in CMS Energy were worth $1,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Manning & Napier Group LLC increased its stake in CMS Energy by 3.8% in the third quarter. Manning & Napier Group LLC now owns 28,266 shares of the utilities provider’s stock valued at $1,384,000 after purchasing an additional 1,045 shares during the period. Cognios Capital LLC increased its stake in CMS Energy by 2.1% in the second quarter. Cognios Capital LLC now owns 57,394 shares of the utilities provider’s stock valued at $2,712,000 after purchasing an additional 1,198 shares during the period. CIBC Asset Management Inc increased its stake in CMS Energy by 4.3% in the second quarter. CIBC Asset Management Inc now owns 30,807 shares of the utilities provider’s stock valued at $1,457,000 after purchasing an additional 1,270 shares during the period. Amalgamated Bank increased its stake in CMS Energy by 4.1% in the second quarter. Amalgamated Bank now owns 36,235 shares of the utilities provider’s stock valued at $1,713,000 after purchasing an additional 1,436 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in CMS Energy by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 445,179 shares of the utilities provider’s stock valued at $21,814,000 after purchasing an additional 1,694 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $48.77, for a total value of $48,770.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jon E. Barfield sold 2,861 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $48.45, for a total transaction of $138,615.45. The disclosure for this sale can be found here. Insiders have sold 7,861 shares of company stock worth $386,145 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

CMS has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of CMS Energy from $47.00 to $49.00 and gave the stock a “$47.86” rating in a research note on Thursday, July 19th. Argus upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Monday, September 10th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Friday, October 12th. ValuEngine upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Barclays initiated coverage on shares of CMS Energy in a research note on Wednesday, August 15th. They set an “equal weight” rating and a $51.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.40.

Shares of CMS opened at $48.14 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.87. CMS Energy Co. has a twelve month low of $40.48 and a twelve month high of $51.91. The stock has a market cap of $13.64 billion and a price-to-earnings ratio of 22.18.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 2.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.43 annualized dividend and a yield of 2.97%. CMS Energy’s payout ratio is currently 65.90%.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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