XTX Topco Ltd Invests $437,000 in CMS Energy Co. (NYSE:CMS)

XTX Topco Ltd bought a new position in shares of CMS Energy Co. (NYSE:CMS) during the third quarter, Holdings Channel.com reports. The fund bought 6,194 shares of the utilities provider’s stock, valued at approximately $437,000.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 275 shares during the period. Brooklyn Investment Group acquired a new position in shares of CMS Energy during the third quarter worth approximately $40,000. Covestor Ltd raised its position in shares of 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 period. Innealta Capital LLC acquired a new position in shares of CMS Energy during the second quarter worth approximately $43,000. Finally, Values First Advisors Inc. acquired a new position in shares of CMS Energy during the third quarter worth approximately $56,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total value of $64,116.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,417 shares in the company, valued at approximately $1,672,564.50. This trade represents a 3.69 % 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 shares were 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 owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. BMO Capital Markets decreased their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target for the company. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. Finally, Morgan Stanley decreased their price target on CMS Energy from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $70.36.

CMS Energy Stock Up 0.4 %

Shares of NYSE CMS opened at $67.32 on Friday. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The business’s fifty day moving average price is $69.13 and its 200-day moving average price is $66.13. The stock has a market capitalization of $20.11 billion, a PE ratio of 19.23, a P/E/G ratio of 2.66 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.515 per share. The ex-dividend date was Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. CMS Energy’s dividend payout ratio is currently 58.86%.

CMS Energy Company 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.