Cetera Investment Advisers Has $2.76 Million Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Cetera Investment Advisers lifted its position in CMS Energy Corporation (NYSE:CMS) by 8.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,741 shares of the utilities provider’s stock after purchasing an additional 2,750 shares during the quarter. Cetera Investment Advisers’ holdings in CMS Energy were worth $2,760,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock worth $950,227,000 after acquiring an additional 3,486,074 shares during the last quarter. Zimmer Partners LP bought a new stake in CMS Energy during the 4th quarter worth about $89,173,000. GAMMA Investing LLC grew its holdings in CMS Energy by 8,733.7% during the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider’s stock worth $76,110,000 after acquiring an additional 1,001,838 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in CMS Energy during the 1st quarter worth about $41,611,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CMS Energy by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider’s stock worth $174,895,000 after acquiring an additional 468,233 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS opened at $74.10 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The business has a 50-day simple moving average of $70.66 and a two-hundred day simple moving average of $71.05. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.76 and a beta of 0.36. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. On average, analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be given a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy’s dividend payout ratio (DPR) is 64.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CMS shares. Barclays increased their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of CMS Energy in a research note on Monday, July 7th. BMO Capital Markets raised their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, Evercore ISI raised their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy presently has a consensus rating of “Hold” and an average price target of $77.25.

About CMS Energy

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.