First Trust Direct Indexing L.P. Sells 2,150 Shares of CMS Energy Co. (NYSE:CMS)

First Trust Direct Indexing L.P. decreased its stake in shares of CMS Energy Co. (NYSE:CMS) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,779 shares of the utilities provider’s stock after selling 2,150 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in CMS Energy were worth $973,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CMS. Mackenzie Financial Corp increased its stake in shares of CMS Energy by 0.6% during the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after purchasing an additional 157 shares during the period. Continuum Advisory LLC increased its position in CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after buying an additional 205 shares during the period. Tobam lifted its holdings in shares of CMS Energy by 31.7% during the third quarter. Tobam now owns 868 shares of the utilities provider’s stock worth $61,000 after buying an additional 209 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in CMS Energy by 5.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of CMS Energy by 6.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock valued at $224,000 after buying an additional 236 shares during the period. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CMS shares. Morgan Stanley upped their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. KeyCorp upped their price target 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. Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays raised their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Price Performance

Shares of NYSE CMS opened at $68.30 on Friday. The firm has a market capitalization of $20.40 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.79 and a beta of 0.41. The firm’s 50-day moving average price is $69.80 and its 200-day moving average price is $64.62. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 1-year low of $54.13 and a 1-year high of $72.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data 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 12.25% and a net margin of 13.10%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.02%. CMS Energy’s dividend payout ratio is presently 63.19%.

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.