Nvwm LLC grew its holdings in CMS Energy Corporation (NYSE:CMS – Free Report) by 147,210.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,731 shares of the utilities provider’s stock after acquiring an additional 14,721 shares during the quarter. Nvwm LLC’s holdings in CMS Energy were worth $929,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Mather Group LLC. raised its position in shares of CMS Energy by 12.5% in the 3rd quarter. Mather Group LLC. now owns 20,409 shares of the utilities provider’s stock valued at $1,287,000 after purchasing an additional 2,267 shares during the last quarter. First Pacific Financial boosted its stake in CMS Energy by 14,974.7% in the 3rd quarter. First Pacific Financial now owns 25,627 shares of the utilities provider’s stock worth $1,617,000 after purchasing an additional 25,457 shares in the last quarter. Krilogy Financial LLC purchased a new stake in CMS Energy during the 3rd quarter worth approximately $1,005,000. NorthCrest Asset Manangement LLC grew its position in CMS Energy by 395.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 13,447 shares of the utilities provider’s stock worth $848,000 after purchasing an additional 10,733 shares during the last quarter. Finally, Moody National Bank Trust Division grew its position in CMS Energy by 33.7% during the 3rd quarter. Moody National Bank Trust Division now owns 10,385 shares of the utilities provider’s stock worth $655,000 after purchasing an additional 2,615 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.
CMS Energy Price Performance
Shares of NYSE CMS opened at $66.78 on Thursday. The business’s 50 day moving average price is $67.13 and its 200 day moving average price is $72.15. The firm has a market cap of $20.94 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.42 and a beta of 0.32. CMS Energy Corporation has a 52 week low of $62.28 and a 52 week high of $80.36. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.
CMS Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 7th. CMS Energy’s dividend payout ratio (DPR) is 68.47%.
Analysts Set New Price Targets
CMS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. BMO Capital Markets dropped their price objective on shares of CMS Energy from $77.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, October 6th. Morgan Stanley cut their target price on CMS Energy from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. raised their target price on CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.
View Our Latest Analysis on CMS Energy
CMS Energy Company Profile
CMS Energy Corporation (NYSE: CMS) is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers across Michigan.
Consumers Energy operates and maintains an integrated energy system that includes electric generation, transmission and distribution infrastructure, as well as natural gas storage, transportation and distribution assets.
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