Trust Investment Advisors Makes New Investment in CMS Energy Co. (NYSE:CMS)

Trust Investment Advisors bought a new position in shares of CMS Energy Co. (NYSE:CMS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,761 shares of the utilities provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of CMS Energy by 4.1% during the first quarter. JPMorgan Chase & Co. now owns 19,660,375 shares of the utilities provider’s stock valued at $1,206,753,000 after buying an additional 774,927 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of CMS Energy by 0.7% during the first quarter. Treasurer of the State of North Carolina now owns 126,600 shares of the utilities provider’s stock valued at $7,771,000 after buying an additional 900 shares during the last quarter. Creative Planning raised its position in shares of CMS Energy by 17.1% during the second quarter. Creative Planning now owns 32,025 shares of the utilities provider’s stock valued at $1,881,000 after buying an additional 4,669 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of CMS Energy by 48.5% during the second quarter. IFM Investors Pty Ltd now owns 94,753 shares of the utilities provider’s stock valued at $5,567,000 after buying an additional 30,965 shares during the last quarter. Finally, Westpac Banking Corp raised its position in shares of CMS Energy by 5.6% during the first quarter. Westpac Banking Corp now owns 77,018 shares of the utilities provider’s stock valued at $4,727,000 after buying an additional 4,108 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

CMS Energy Trading Down 0.2 %

NYSE CMS traded down $0.10 on Friday, hitting $57.40. 2,110,659 shares of the stock were exchanged, compared to its average volume of 2,149,578. The firm has a market capitalization of $16.75 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.45 and a beta of 0.39. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $65.72. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.51 and a current ratio of 0.90. The stock has a fifty day moving average price of $54.76 and a two-hundred day moving average price of $57.55.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $2.11 billion. CMS Energy had a net margin of 9.61% and a return on equity of 10.49%. The firm’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. Research analysts forecast that CMS Energy Co. will post 3.1 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Thursday, November 2nd. CMS Energy’s dividend payout ratio is currently 76.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of CMS Energy from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 24th. BMO Capital Markets cut their target price on shares of CMS Energy from $62.00 to $61.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Morgan Stanley cut their target price on shares of CMS Energy from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. Royal Bank of Canada cut their target price on shares of CMS Energy from $71.00 to $64.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. Finally, Guggenheim cut their target price on shares of CMS Energy from $61.00 to $54.00 in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.73.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total transaction of $93,802.09. Following the completion of the sale, the senior vice president now directly owns 61,765 shares of the company’s stock, valued at $3,475,516.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $56.27, for a total value of $93,802.09. Following the completion of the sale, the senior vice president now directly owns 61,765 shares in the company, valued at $3,475,516.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Russell sold 19,000 shares of CMS Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $55.53, for a total value of $1,055,070.00. Following the completion of the sale, the director now owns 169,899 shares of the company’s stock, valued at $9,434,491.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,667 shares of company stock valued at $1,423,372. 0.40% of the stock is currently owned by company insiders.

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.