Sumitomo Mitsui Trust Group Inc. Has $51.04 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 722,688 shares of the utilities provider's stock after purchasing an additional 9,614 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of CMS Energy worth $51,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in CMS Energy during the 3rd quarter valued at approximately $357,000. Covestor Ltd boosted its position in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 472 shares during the period. Atria Investments Inc grew its stake in shares of CMS Energy by 1.3% in the third quarter. Atria Investments Inc now owns 22,534 shares of the utilities provider's stock worth $1,592,000 after acquiring an additional 287 shares during the last quarter. Assetmark Inc. raised its stake in CMS Energy by 5.8% during the 3rd quarter. Assetmark Inc. now owns 83,176 shares of the utilities provider's stock valued at $5,875,000 after purchasing an additional 4,562 shares during the last quarter. Finally, Stiles Financial Services Inc bought a new stake in CMS Energy in the 3rd quarter valued at $231,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CMS. KeyCorp boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Mizuho lowered CMS Energy from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the company a "buy" rating in a report on Friday, July 26th. Morgan Stanley lifted their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Finally, StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $70.29.

CMS Energy Price Performance

Shares of CMS traded up $0.82 on Friday, hitting $68.23. The company's stock had a trading volume of 2,677,401 shares, compared to its average volume of 2,278,348. The company has a market capitalization of $20.39 billion, a PE ratio of 19.49, a PEG ratio of 2.70 and a beta of 0.41. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a 50 day moving average price of $69.78 and a 200 day moving average price of $65.21. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

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

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. The ex-dividend date is Wednesday, November 13th. 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 dividend yield of 3.02%. CMS Energy's payout ratio is currently 58.86%.

CMS Energy 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.