M Holdings Securities Inc. purchased a new stake in CMS Energy Corporation (NYSE:CMS – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 15,148 shares of the utilities provider’s stock, valued at approximately $956,000.
A number of other large investors have also added to or reduced their stakes in CMS. VestGen Advisors LLC increased its stake in CMS Energy by 4.9% during the 3rd quarter. VestGen Advisors LLC now owns 3,653 shares of the utilities provider’s stock worth $230,000 after acquiring an additional 170 shares during the period. Lido Advisors LLC raised its holdings in CMS Energy by 1.0% in the 1st quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider’s stock valued at $1,406,000 after acquiring an additional 174 shares in the last quarter. NewEdge Advisors LLC raised its holdings in CMS Energy by 0.7% in the 1st quarter. NewEdge Advisors LLC now owns 26,328 shares of the utilities provider’s stock valued at $2,043,000 after acquiring an additional 174 shares in the last quarter. Kera Capital Partners Inc. lifted its position in shares of CMS Energy by 5.5% during the 1st quarter. Kera Capital Partners Inc. now owns 3,934 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 206 shares during the period. Finally, CX Institutional lifted its position in shares of CMS Energy by 6.7% during the 3rd quarter. CX Institutional now owns 4,146 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.
CMS Energy Stock Up 0.4%
NYSE CMS opened at $69.44 on Tuesday. The business has a fifty day moving average price of $66.96 and a two-hundred day moving average price of $72.49. The stock has a market capitalization of $21.78 billion, a PE ratio of 24.80, a PEG ratio of 2.59 and a beta of 0.31. CMS Energy Corporation has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.95 and a quick ratio of 0.67.
CMS Energy (NYSE:CMS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company posted $0.93 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is 81.43%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. KeyCorp cut CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Argus reaffirmed a “buy” rating and set a $80.00 price objective on shares of CMS Energy in a research report on Wednesday, August 26th. Scotiabank reiterated a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a research note on Thursday, October 1st. Wells Fargo & Company decreased their target price on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Finally, HSBC started coverage on shares of CMS Energy in a research report on Thursday, October 22nd. They issued a “hold” rating and a $69.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.35.
View Our Latest Report on CMS Energy
About CMS Energy
CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan’s Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula.
Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region’s energy needs.
CMS Energy was formed as a holding company in 1987 and is headquartered in Jackson, Michigan.
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