CMS Energy Co. (NYSE:CMS) Shares Acquired by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lifted its holdings in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,556 shares of the utilities provider’s stock after buying an additional 2,590 shares during the period. Capital Group Private Client Services Inc.’s holdings in CMS Energy were worth $5,424,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AGF Investments LLC acquired a new stake in shares of CMS Energy during the first quarter worth about $39,000. Quent Capital LLC purchased a new position in CMS Energy during the fourth quarter worth about $38,000. Covestor Ltd purchased a new position in CMS Energy during the fourth quarter worth about $54,000. Cranbrook Wealth Management LLC purchased a new position in CMS Energy during the first quarter worth about $61,000. Finally, Cambridge Trust Co. raised its holdings in CMS Energy by 334.1% during the first quarter. Cambridge Trust Co. now owns 890 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 685 shares in the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho cut their price target on shares of CMS Energy from $74.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Barclays cut their price target on shares of CMS Energy from $76.00 to $72.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. BMO Capital Markets cut their price target on shares of CMS Energy from $80.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, June 27th. Finally, Morgan Stanley increased their target price on shares of CMS Energy from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.00.

CMS Energy Trading Up 0.5 %

Shares of CMS Energy stock opened at $69.85 on Friday. CMS Energy Co. has a 12-month low of $58.51 and a 12-month high of $73.76. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 1.62. The stock has a market cap of $20.27 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.91 and a beta of 0.28. The company has a 50-day moving average of $67.90 and a two-hundred day moving average of $68.16.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Tuesday, September 6th will be given a $4.50 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This is a positive change from CMS Energy’s previous quarterly dividend of $0.46. This represents a $18.00 annualized dividend and a dividend yield of 25.77%. CMS Energy’s dividend payout ratio is currently 40.44%.

CMS Energy Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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