MBB Public Markets I LLC Invests $1.24 Million in CMS Energy Co. (NYSE:CMS)

MBB Public Markets I LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,770 shares of the utilities provider’s stock, valued at approximately $1,236,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake 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 buying an additional 2,786,071 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in CMS Energy by 101.7% in 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 purchasing an additional 3,473,977 shares in the last quarter. Capital International Investors raised its position in CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after purchasing an additional 1,234,791 shares during the last quarter. Capital Research Global Investors raised its position in CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after purchasing an additional 65,966 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of CMS Energy by 320.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after purchasing an additional 3,282,697 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

NYSE:CMS opened at $70.60 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $71.02. The company has a fifty day moving average of $67.31 and a 200-day moving average of $62.74. The firm has a market capitalization of $21.08 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.80 and a beta of 0.40.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America raised their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company raised their price target on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. KeyCorp boosted their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday. Scotiabank raised their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus price target of $68.83.

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.