Stratos Wealth Partners LTD. Has $254,000 Position in CMS Energy Co. (NYSE:CMS)

Stratos Wealth Partners LTD. increased its stake in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,360 shares of the utilities provider’s stock after purchasing an additional 648 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in CMS Energy were worth $254,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hallmark Capital Management Inc. acquired a new stake in shares of CMS Energy during the second quarter worth approximately $34,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of CMS Energy during the third quarter worth approximately $34,000. Clear Street Markets LLC boosted its holdings in shares of CMS Energy by 409.2% during the second quarter. Clear Street Markets LLC now owns 606 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 487 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of CMS Energy by 48.9% during the second quarter. AdvisorNet Financial Inc now owns 886 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 291 shares during the period. Finally, CX Institutional acquired a new stake in shares of CMS Energy during the second quarter worth approximately $64,000. 92.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMS has been the subject of a number of analyst reports. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Thursday, December 15th. Morgan Stanley lifted their target price on shares of CMS Energy from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, December 15th. Seaport Res Ptn reiterated a “buy” rating on shares of CMS Energy in a research note on Thursday, October 6th. Credit Suisse Group upgraded shares of CMS Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $61.00 to $64.00 in a research note on Monday, November 21st. Finally, TheStreet cut shares of CMS Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.40.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $64.44 on Monday. The firm has a fifty day simple moving average of $60.96 and a 200-day simple moving average of $63.42. The company has a current ratio of 1.22, a quick ratio of 0.69 and a debt-to-equity ratio of 1.75. CMS Energy Co. has a 1-year low of $52.41 and a 1-year high of $73.76. The stock has a market capitalization of $18.70 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.52 and a beta of 0.32.

CMS Energy (NYSE:CMSGet Rating) last announced its earnings results on Thursday, October 27th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. CMS Energy had a net margin of 15.63% and a return on equity of 11.22%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.76 billion. On average, sell-side analysts expect that CMS Energy Co. will post 2.89 earnings per share for the current year.

CMS Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Friday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, November 3rd. CMS Energy’s dividend payout ratio (DPR) is currently 41.16%.

Insider Buying and Selling

In related news, CAO Scott B. Mcintosh sold 875 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.17, for a total transaction of $50,023.75. Following the transaction, the chief accounting officer now owns 22,907 shares of the company’s stock, valued at $1,309,593.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CMS Energy news, SVP Shaun M. Johnson sold 420 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $60.80, for a total value of $25,536.00. Following the sale, the senior vice president now owns 44,425 shares of the company’s stock, valued at approximately $2,701,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 875 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.17, for a total transaction of $50,023.75. Following the completion of the sale, the chief accounting officer now directly owns 22,907 shares in the company, valued at approximately $1,309,593.19. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS Energy Company Profile

(Get Rating)

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.

Further Reading

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

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