Sage Mountain Advisors LLC Has $214,000 Stock Holdings in CMS Energy Co. (NYSE:CMS)

Sage Mountain Advisors LLC reduced its holdings in shares of CMS Energy Co. (NYSE:CMS) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,216 shares of the utilities provider’s stock after selling 560 shares during the quarter. Sage Mountain Advisors LLC’s holdings in CMS Energy were worth $214,000 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. Pallas Capital Advisors LLC grew its holdings in shares of CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider’s stock valued at $297,000 after buying an additional 173 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of CMS Energy by 5.4% during the third 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 during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider’s stock valued at $1,107,000 after buying an additional 200 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of CMS Energy by 25.6% during the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider’s stock valued at $69,000 after buying an additional 200 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of CMS Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 10,048 shares of the utilities provider’s stock valued at $710,000 after buying an additional 217 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

NYSE CMS opened at $71.17 on Thursday. The company’s 50 day moving average is $68.81 and its 200-day moving average is $68.85. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market cap of $21.27 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Sell-side analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 3.05%. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 65.36%.

Insider Activity at CMS Energy

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares of the company’s stock, valued at approximately $1,509,815.68. The trade was a 23.64 % 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, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares of the company’s stock, valued at approximately $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,950 shares of company stock valued at $2,817,160. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

CMS has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays upgraded shares of CMS Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Guggenheim restated a “neutral” rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, 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, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $72.42.

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.