Integrated Wealth Concepts LLC Cuts Stock Position in CMS Energy Co. (NYSE:CMS)

Integrated Wealth Concepts LLC trimmed its holdings in CMS Energy Co. (NYSE:CMS) by 14.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,630 shares of the utilities provider’s stock after selling 607 shares during the period. Integrated Wealth Concepts LLC’s holdings in CMS Energy were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Investment Management Corp of Ontario lifted its holdings in CMS Energy by 47.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 9,992 shares of the utilities provider’s stock worth $706,000 after purchasing an additional 3,200 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of CMS Energy by 1,122.4% in the third quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider’s stock worth $33,845,000 after buying an additional 440,000 shares in the last quarter. Hilltop Holdings Inc. bought a new position in shares of CMS Energy during the third quarter worth $4,868,000. Benjamin Edwards Inc. grew its stake in CMS Energy by 26.1% during the third quarter. Benjamin Edwards Inc. now owns 63,500 shares of the utilities provider’s stock valued at $4,485,000 after acquiring an additional 13,130 shares in the last quarter. Finally, Atom Investors LP bought a new stake in CMS Energy in the 3rd quarter valued at $260,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMS shares. KeyCorp increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 30th. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. 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. Morgan Stanley lowered their target price on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.36.

CMS Energy Price Performance

CMS Energy stock opened at $67.32 on Friday. 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 50-day moving average price of $69.13 and a 200-day moving average price of $66.10. 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 announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion during 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 firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, 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. Shareholders of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is 58.86%.

Insiders Place Their Bets

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

About CMS Energy

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.