Mirador Capital Partners LP Boosts Stock Holdings in CMS Energy Co. (NYSE:CMS)

Mirador Capital Partners LP grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,121 shares of the utilities provider’s stock after buying an additional 516 shares during the period. Mirador Capital Partners LP’s holdings in CMS Energy were worth $941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider’s stock valued at $537,503,000 after acquiring an additional 719,093 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CMS Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after purchasing an additional 105,062 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CMS Energy by 0.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. increased its position in CMS Energy by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock worth $128,715,000 after purchasing an additional 25,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after buying an additional 233,633 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John G. Russell sold 28,750 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares in the company, valued at $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the transaction, the senior vice president now directly owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,686 shares of company stock worth $2,228,084. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BMO Capital Markets decreased their target price on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group began coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Finally, Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.36.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $66.82 on Thursday. The company’s 50-day moving average price is $67.41 and its two-hundred day moving average price is $67.09. The stock has a market cap of $19.97 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.42. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40.

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

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) 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.