Crestwood Advisors Group LLC Has $307,000 Position in CMS Energy Co. (NYSE:CMS)

Crestwood Advisors Group LLC grew its position in shares of CMS Energy Co. (NYSE:CMS) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,347 shares of the utilities provider’s stock after purchasing an additional 260 shares during the quarter. Crestwood Advisors Group LLC’s holdings in CMS Energy were worth $307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMS. Massachusetts Financial Services Co. MA boosted its position in CMS Energy by 101.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after buying an additional 3,473,977 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after purchasing an additional 2,786,071 shares during the period. Raymond James & Associates grew its stake in shares of CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock worth $79,519,000 after purchasing an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares during the period. Finally, Railway Pension Investments Ltd bought a new position in CMS Energy during the 2nd quarter worth $47,082,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $67.85 on Thursday. The business has a 50-day simple moving average of $69.86 and a 200 day simple moving average of $64.87. CMS Energy Co. has a one year low of $54.27 and a one 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 $20.27 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.71 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 the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s quarterly 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This is a boost 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 3.04%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CMS shares. BMO Capital Markets reduced their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Monday. Wells Fargo & Company boosted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America increased their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Morgan Stanley boosted their target price on shares of CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.29.

CMS Energy Company 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.