Mizuho Securities USA LLC boosted its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 992.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 251,525 shares of the utilities provider's stock after acquiring an additional 228,501 shares during the quarter. Mizuho Securities USA LLC owned 0.08% of CMS Energy worth $18,075,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Empowered Funds LLC lifted its holdings in CMS Energy by 23.9% in the 1st quarter. Empowered Funds LLC now owns 4,581 shares of the utilities provider's stock worth $276,000 after purchasing an additional 885 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CMS Energy during the first quarter valued at approximately $43,000. QRG Capital Management Inc. boosted its stake in shares of CMS Energy by 22.3% in the 1st quarter. QRG Capital Management Inc. now owns 10,132 shares of the utilities provider's stock valued at $611,000 after purchasing an additional 1,846 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CMS Energy by 16.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider's stock valued at $21,267,000 after acquiring an additional 49,630 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in CMS Energy by 12.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 23,152 shares of the utilities provider's stock worth $1,397,000 after buying an additional 2,545 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
CMS Energy Stock Performance
Shares of NYSE:CMS traded up $0.82 during trading on Friday, reaching $68.23. 2,677,401 shares of the stock were exchanged, compared to its average volume of 2,278,348. The firm has a market cap of $20.39 billion, a PE ratio of 19.49, a PEG ratio of 2.70 and a beta of 0.41. The stock has a 50-day moving average price of $69.78 and a 200-day moving average price of $65.21. 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 12 month low of $55.10 and a 12 month high of $72.40.
CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. CMS Energy's quarterly revenue was up 4.2% on a year-over-year basis. Research analysts expect 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 will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.02%. This is an increase from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio is currently 58.86%.
Analysts Set New Price Targets
CMS has been the topic of several recent research reports. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Tuesday. Evercore ISI raised CMS Energy to a "hold" rating in a research note on Friday, July 26th. Scotiabank boosted their target price on CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, August 20th. Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley raised their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.29.
View Our Latest Stock Report on CMS
CMS Energy Company Profile
(
Free Report)
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.
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