FourThought Financial LLC Has $147,000 Stock Position in CMS Energy Co. (NYSE:CMS)

FourThought Financial LLC reduced its position in CMS Energy Co. (NYSE:CMS – Get Rating) by 43.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,526 shares of the utilities provider’s stock after selling 1,978 shares during the quarter. FourThought Financial LLC’s holdings in CMS Energy were worth $147,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CMS. Glenmede Trust Co. NA boosted its position in CMS Energy by 14.2% during the third quarter. Glenmede Trust Co. NA now owns 10,244 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 1,274 shares during the last quarter. Captrust Financial Advisors boosted its position in CMS Energy by 0.4% during the third quarter. Captrust Financial Advisors now owns 72,904 shares of the utilities provider’s stock valued at $4,246,000 after acquiring an additional 274 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in CMS Energy by 4.9% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,400 shares of the utilities provider’s stock valued at $606,000 after acquiring an additional 488 shares during the last quarter. Kentucky Retirement Systems boosted its position in CMS Energy by 5.5% during the third quarter. Kentucky Retirement Systems now owns 22,716 shares of the utilities provider’s stock valued at $1,323,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Alpha Paradigm Partners LLC boosted its position in CMS Energy by 6.9% during the third quarter. Alpha Paradigm Partners LLC now owns 4,685 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 301 shares during the last quarter. 92.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CMS. BMO Capital Markets dropped their price objective on shares of CMS Energy from $70.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, February 14th. StockNews.com began coverage on shares of CMS Energy in a report on Thursday. They set a “sell” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $71.00 price objective on shares of CMS Energy in a report on Wednesday, February 8th. Credit Suisse Group upgraded shares of CMS Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $61.00 to $64.00 in a report on Monday, November 21st. Finally, Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $68.00 to $66.00 in a report on Wednesday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.20.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $61.34 on Friday. The company has a market cap of $17.89 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.40 and a beta of 0.34. CMS Energy Co. has a 52 week low of $52.41 and a 52 week high of $73.76. The business has a 50 day moving average price of $61.55 and a 200-day moving average price of $61.37. The company has a quick ratio of 0.78, a current ratio of 1.15 and a debt-to-equity ratio of 1.79.

CMS Energy (NYSE:CMS – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.05 billion. CMS Energy had a return on equity of 11.57% and a net margin of 9.74%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 3.11 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were paid a $0.4875 dividend. The ex-dividend date of this dividend was Friday, February 10th. This is an increase from CMS Energy’s previous quarterly dividend of $0.46. This represents a $1.95 annualized dividend and a dividend yield of 3.18%. CMS Energy’s dividend payout ratio is 68.42%.

Insider Transactions at CMS Energy

In other news, SVP Shaun M. Johnson sold 814 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $61.74, for a total value of $50,256.36. Following the completion of the transaction, the senior vice president now directly owns 57,304 shares of the company’s stock, valued at $3,537,948.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Shaun M. Johnson sold 814 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $61.74, for a total value of $50,256.36. Following the completion of the transaction, the senior vice president now directly owns 57,304 shares of the company’s stock, valued at $3,537,948.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $60.00, for a total value of $75,000.00. Following the completion of the transaction, the senior vice president now directly owns 64,131 shares of the company’s stock, valued at $3,847,860. The disclosure for this sale can be found here. Insiders sold a total of 7,314 shares of company stock valued at $447,136 over the last ninety days. 0.40% of the stock is currently owned by insiders.

CMS Energy Profile

(Get Rating)

CMS Energy Corp. engages in the provision of electric and natural gas activities. It operates through the following business segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. The Electric Utility segment focuses on generation, purchase, distribution, and sale of electricity. The Gas Utility segment includes purchase, transmission, storage, distribution, and sale of natural gas.