Oak Thistle LLC Grows Stake in CMS Energy Co. (NYSE:CMS)

Oak Thistle LLC increased its holdings in CMS Energy Co. (NYSE:CMS) by 52.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,566 shares of the utilities provider’s stock after buying an additional 3,309 shares during the period. Oak Thistle LLC’s holdings in CMS Energy were worth $638,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in shares of CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after acquiring an additional 157 shares during the last quarter. Voisard Asset Management Group Inc. grew its stake in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after buying an additional 163 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of CMS Energy by 4.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock worth $297,000 after buying an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock valued at $256,000 after buying an additional 187 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in shares of CMS Energy by 1.3% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock worth $1,107,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

CMS Energy stock opened at $66.56 on Thursday. 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 market cap of $19.89 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.66 and a beta of 0.42. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40. The firm has a 50-day moving average of $67.41 and a 200-day moving average of $67.09.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Sell-side analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Analyst Ratings Changes

A number of research firms recently commented on CMS. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley reduced 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. 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 price objective for the company. Finally, Barclays increased their target price on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $70.36.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’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 value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,686 shares of company stock valued at $2,228,084. Corporate 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.