CMS Energy Corporation $CMS Stock Holdings Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in CMS Energy Corporation (NYSE:CMS) by 269.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 130,957 shares of the utilities provider’s stock after buying an additional 95,522 shares during the period. Kestra Advisory Services LLC’s holdings in CMS Energy were worth $8,261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CMS. Nykredit A S purchased a new position in shares of CMS Energy in the second quarter worth $1,372,000. Jefferies Financial Group Inc. purchased a new stake in shares of CMS Energy in the second quarter worth about $2,106,000. Assenagon Asset Management S.A. grew its holdings in CMS Energy by 10,463.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider’s stock valued at $39,645,000 after buying an additional 513,331 shares in the last quarter. Energy Income Partners LLC bought a new stake in CMS Energy in the 2nd quarter worth approximately $53,709,000. Finally, Mattern Capital Management LLC increased its stake in CMS Energy by 32.3% in the 1st quarter. Mattern Capital Management LLC now owns 159,660 shares of the utilities provider’s stock worth $12,386,000 after acquiring an additional 38,952 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CMS. Weiss Ratings cut shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Wells Fargo & Company decreased their price objective on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 28th. Mizuho decreased their price target on CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Argus reiterated a “buy” rating and set a $80.00 price objective on shares of CMS Energy in a research report on Wednesday, August 26th. Finally, Barclays dropped their price objective on CMS Energy from $81.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $77.35.

CMS Energy Trading Up 0.3%

Shares of NYSE CMS opened at $69.73 on Wednesday. The business has a fifty day moving average price of $66.99 and a 200 day moving average price of $72.49. CMS Energy Corporation has a 1-year low of $62.28 and a 1-year 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. The stock has a market capitalization of $21.87 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. Equities research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders 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 dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is presently 81.43%.

CMS Energy Company Profile

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.