Brooklyn Investment Group Acquires Shares of 564 CMS Energy Co. (NYSE:CMS)

Brooklyn Investment Group acquired a new stake in CMS Energy Co. (NYSE:CMS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 564 shares of the utilities provider’s stock, valued at approximately $40,000.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after buying an additional 275 shares during the last quarter. Covestor Ltd lifted its stake in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the last quarter. TruNorth Capital Management LLC boosted its holdings in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Innealta Capital LLC purchased a new position in CMS Energy in the second quarter valued at approximately $43,000. Finally, Values First Advisors Inc. acquired a new stake in CMS Energy during the third quarter worth approximately $56,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CMS. KeyCorp increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Scotiabank upped their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets decreased their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $70.21.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now directly owns 64,771 shares in the company, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

CMS Energy Trading Down 1.1 %

NYSE CMS opened at $69.74 on Friday. The stock has a market capitalization of $20.84 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.81 and a beta of 0.41. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The firm has a 50-day moving average price of $69.74 and a 200 day moving average price of $65.73. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. Equities research analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy’s dividend payout ratio is currently 58.86%.

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.