First American Bank Increases Stock Position in CMS Energy Co. (NYSE:CMS)

First American Bank raised its position in CMS Energy Co. (NYSE:CMS - Free Report) by 10.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 78,178 shares of the utilities provider's stock after purchasing an additional 7,635 shares during the period. First American Bank's holdings in CMS Energy were worth $5,522,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of CMS Energy during the 4th quarter valued at $4,116,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of CMS Energy by 25.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,601 shares of the utilities provider's stock valued at $821,000 after acquiring an additional 2,779 shares during the period. LVW Advisors LLC acquired a new position in shares of CMS Energy during the 1st quarter valued at $313,000. Oak Thistle LLC acquired a new position in shares of CMS Energy during the 1st quarter valued at $233,000. Finally, State of Michigan Retirement System lifted its position in shares of CMS Energy by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 80,699 shares of the utilities provider's stock valued at $4,869,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE:CMS traded up $0.40 during midday trading on Monday, reaching $71.16. The company had a trading volume of 1,271,974 shares, compared to its average volume of 2,258,151. The stock has a market cap of $21.25 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 52-week low of $53.53 and a 52-week high of $72.40. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The company's 50 day moving average price is $69.52 and its 200 day moving average price is $64.29.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.515 dividend. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy's dividend payout ratio (DPR) is 62.80%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of recent research reports. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Monday, July 29th. Mizuho lowered shares of CMS Energy from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. KeyCorp boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Wells Fargo & Company boosted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Scotiabank upped their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.85.

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.