Huntington National Bank Increases Holdings in CMS Energy Co. (NYSE:CMS)

Huntington National Bank increased its holdings in CMS Energy Co. (NYSE:CMS) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,650 shares of the utilities provider’s stock after buying an additional 280 shares during the quarter. Huntington National Bank’s holdings in CMS Energy were worth $823,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the period. TruNorth Capital Management LLC grew its position in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 578 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of CMS Energy in the 1st quarter worth approximately $43,000. Innealta Capital LLC bought a new position in CMS Energy during the second quarter valued at $43,000. Finally, Values First Advisors Inc. purchased a new stake in CMS Energy in the 3rd quarter worth about $56,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Stock Performance

Shares of NYSE:CMS opened at $68.23 on Friday. The business’s 50 day moving average price is $69.77 and its 200-day moving average price is $65.16. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market capitalization of $20.39 billion, a PE ratio of 19.49, a P/E/G ratio of 2.70 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its quarterly earnings data 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 company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts expect 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. Shareholders of record on Wednesday, November 13th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.02%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMS shares. Wells Fargo & Company boosted their target price 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. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley upped their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Finally, Bank of America upped their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and an average target price of $70.29.

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.