New Age Alpha Advisors LLC Sells 2,707 Shares of CMS Energy Corporation (NYSE:CMS)

New Age Alpha Advisors LLC trimmed its position in CMS Energy Corporation (NYSE:CMS) by 75.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 890 shares of the utilities provider’s stock after selling 2,707 shares during the quarter. New Age Alpha Advisors LLC’s holdings in CMS Energy were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CMS. Price T Rowe Associates Inc. MD raised its holdings in shares of CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after purchasing an additional 3,486,074 shares during the period. Zimmer Partners LP bought a new position in CMS Energy in the 4th quarter valued at about $89,173,000. GAMMA Investing LLC raised its holdings in CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider’s stock valued at $76,110,000 after acquiring an additional 1,001,838 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in CMS Energy in the 1st quarter valued at about $41,611,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CMS Energy by 21.7% in 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 valued at $174,895,000 after acquiring an additional 468,233 shares during the period. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Down 0.8%

Shares of CMS stock opened at $72.91 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. The stock has a market cap of $21.82 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. The stock has a 50 day simple moving average of $70.99 and a 200 day simple moving average of $71.27. CMS Energy Corporation has a 1 year low of $63.97 and a 1 year high of $76.45.

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

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be given a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy’s dividend payout ratio (DPR) is currently 64.20%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMS. Wells Fargo & Company increased their price target on shares of CMS Energy from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Barclays increased their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Wolfe Research reissued a “peer perform” rating on shares of CMS Energy in a report on Monday, July 7th. Jefferies Financial Group increased their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 21st. Finally, Scotiabank reissued an “outperform” rating and issued a $81.00 price target (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.25.

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.