Bahl & Gaynor LLC Acquires 162,938 Shares of CMS Energy Corporation $CMS

Bahl & Gaynor LLC grew its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,231,260 shares of the utilities provider’s stock after buying an additional 162,938 shares during the quarter. Bahl & Gaynor LLC’s holdings in CMS Energy were worth $77,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kilter Group LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth about $26,000. Avion Wealth increased its position in shares of CMS Energy by 139.3% in the third quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 227 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the first quarter valued at about $31,000. Independence Bank of Kentucky acquired a new stake in shares of CMS Energy in the third quarter valued at about $27,000. Finally, Trust Co. of Vermont bought a new stake in CMS Energy during the second quarter worth about $33,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings lowered CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. HSBC assumed coverage on CMS Energy in a research note on Thursday, October 22nd. They set a “hold” rating and a $69.00 price objective on the stock. Truist Financial dropped their price objective on CMS Energy from $81.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada set a $73.00 price objective on CMS Energy in a report on Tuesday, October 6th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.35.

CMS Energy Price Performance

Shares of NYSE CMS opened at $69.73 on Wednesday. The business’s 50 day moving average price is $66.99 and its two-hundred day moving average price is $72.49. The company has a market cap of $21.87 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS) last issued its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.35 by $0.09. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.23 billion. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. On average, analysts predict that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 81.43%.

CMS Energy 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.