Horizon Kinetics Asset Management LLC Boosts Position in CMS Energy Co. (NYSE:CMS)

Horizon Kinetics Asset Management LLC increased its position in shares of CMS Energy Co. (NYSE:CMS) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,675 shares of the utilities provider’s stock after acquiring an additional 200 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in CMS Energy were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after buying an additional 275 shares during the period. TruNorth Capital Management LLC raised 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 purchasing an additional 578 shares during the period. Innealta Capital LLC acquired a new position in shares of CMS Energy in the 2nd quarter valued at $43,000. Covestor Ltd grew its holdings in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. Finally, Values First Advisors Inc. acquired a new stake in shares of CMS Energy during the 3rd quarter worth about $56,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. BMO Capital Markets dropped 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. Scotiabank upped their price target on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. StockNews.com cut CMS Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Finally, KeyCorp increased their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.21.

Insider Activity

In related news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 directly owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 0.2 %

CMS opened at $69.66 on Tuesday. The company has a market cap of $20.81 billion, a P/E ratio of 19.90, a PEG ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40. The business’s 50-day simple moving average is $69.70 and its 200-day simple moving average is $65.57.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts expect that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

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.