Raymond James & Associates grew its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 310.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,125,859 shares of the utilities provider's stock after acquiring an additional 851,364 shares during the period. Raymond James & Associates owned 0.38% of CMS Energy worth $79,519,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CMS. Mackenzie Financial Corp grew its stake in CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider's stock valued at $1,511,000 after buying an additional 157 shares during the last quarter. Continuum Advisory LLC grew its position in shares of CMS Energy by 9.6% in the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 205 shares during the last quarter. Tobam increased its stake in shares of CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider's stock worth $61,000 after purchasing an additional 209 shares during the period. Vontobel Holding Ltd. lifted its position in shares of CMS Energy by 5.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider's stock worth $301,000 after purchasing an additional 215 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in CMS Energy by 6.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.
CMS Energy Price Performance
Shares of NYSE:CMS traded down $0.12 during trading on Monday, reaching $71.17. The stock had a trading volume of 981,044 shares, compared to its average volume of 2,276,391. The business's 50-day moving average price is $69.10 and its 200 day moving average price is $63.94. CMS Energy Co. has a 52 week low of $52.12 and a 52 week high of $71.57. The stock has a market capitalization of $21.25 billion, a PE ratio of 21.70, a P/E/G ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.
CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. CMS Energy's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, equities 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 will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 2.89%. CMS Energy's dividend payout ratio is presently 62.80%.
Analysts Set New Price Targets
A number of research analysts have recently commented on CMS shares. Evercore ISI upgraded CMS Energy to a "hold" rating in a report on Friday, July 26th. Guggenheim increased their price target on shares of CMS Energy from $66.00 to $67.00 and gave the company a "buy" rating in a report on Friday, July 26th. Mizuho downgraded shares of CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Morgan Stanley increased their target price on shares of CMS Energy from $63.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Finally, KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.85.
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About CMS Energy
(
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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