72,960 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. acquired a new position in CMS Energy Co. (NYSE:CMS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,960 shares of the utilities provider's stock, valued at approximately $5,153,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC grew its position in shares of CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 578 shares during the period. Headlands Technologies LLC bought a new position in shares of CMS Energy during the 1st quarter worth approximately $43,000. Innealta Capital LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth approximately $43,000. Values First Advisors Inc. acquired a new stake in CMS Energy during the third quarter worth approximately $56,000. Finally, Voisard Asset Management Group Inc. grew its holdings in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock valued at $56,000 after buying an additional 163 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Up 1.0 %

CMS traded up $0.71 during trading on Tuesday, reaching $69.10. 1,519,770 shares of the company's stock were exchanged, compared to its average volume of 2,259,147. 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 one year low of $54.27 and a one year high of $72.40. The stock has a market capitalization of $20.65 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.41. The firm has a fifty day moving average price of $69.81 and a two-hundred day moving average price of $64.79.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is 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 currently 58.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMS. Evercore ISI raised shares of CMS Energy to a "hold" rating in a report on Friday, July 26th. Scotiabank raised their price objective on CMS Energy from $66.00 to $75.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday. They set a "buy" rating and a $76.00 target price on the stock. Bank of America boosted their price target on CMS Energy from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Finally, StockNews.com lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Monday. One investment 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $70.29.

CMS Energy Company Profile

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.