Stephens Consulting LLC Buys 343 Shares of CMS Energy Co. (NYSE:CMS)

Stephens Consulting LLC increased its stake in CMS Energy Co. (NYSE:CMS) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,102 shares of the utilities provider’s stock after buying an additional 343 shares during the period. Stephens Consulting LLC’s holdings in CMS Energy were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMS. Mackenzie Financial Corp boosted its holdings in shares of CMS Energy by 0.6% during the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after buying an additional 157 shares in the last quarter. Continuum Advisory LLC grew its holdings in CMS Energy by 9.6% in the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 205 shares during the period. Tobam increased its stake in shares of CMS Energy by 31.7% during the third quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of CMS Energy by 5.3% during the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 215 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of CMS Energy by 6.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 236 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CMS shares. Scotiabank raised their price objective on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America lifted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. KeyCorp increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, BMO Capital Markets increased their price target on shares of CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Price Performance

NYSE CMS opened at $71.29 on Friday. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 1-year low of $52.12 and a 1-year high of $71.57. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The business’s fifty day moving average price is $68.99 and its 200-day moving average price is $63.82.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. CMS Energy’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.86%. CMS Energy’s dividend payout ratio is currently 62.80%.

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.