Hilltop Holdings Inc. Invests $4.87 Million in CMS Energy Co. (NYSE:CMS)

Hilltop Holdings Inc. purchased a new position in CMS Energy Co. (NYSE:CMS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 68,920 shares of the utilities provider’s stock, valued at approximately $4,868,000.

Several other large investors have also recently modified their holdings of CMS. Massachusetts Financial Services Co. MA raised its holdings in CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after acquiring an additional 3,473,977 shares during the last quarter. Raymond James & Associates increased its holdings in shares of CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after purchasing an additional 851,364 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after purchasing an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd bought a new position in shares of CMS Energy during the second quarter valued at $47,082,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider’s stock valued at $39,978,000 after buying an additional 479,336 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

CMS Energy Trading Down 1.9 %

CMS Energy stock opened at $68.40 on Tuesday. The firm has a 50 day moving average of $69.70 and a 200 day moving average of $65.81. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.78 and a beta of 0.41. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business posted $0.61 EPS. CMS Energy’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMS shares. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Bank of America increased their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. KeyCorp lifted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Barclays increased their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley cut their price objective 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 issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.21.

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.