CMS Energy Corporation $CMS Shares Bought by Brighton Jones LLC

Brighton Jones LLC boosted its holdings in CMS Energy Corporation (NYSE:CMS) by 438.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,234 shares of the utilities provider’s stock after buying an additional 15,663 shares during the period. Brighton Jones LLC’s holdings in CMS Energy were worth $1,213,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CMS. GQG Partners LLC bought a new stake in shares of CMS Energy during the 2nd quarter valued at $363,388,000. Pictet Asset Management Holding SA boosted its position in shares of CMS Energy by 5.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,490,347 shares of the utilities provider’s stock worth $283,251,000 after purchasing an additional 221,813 shares during the last quarter. Magellan Asset Management Ltd bought a new position in shares of CMS Energy in the 2nd quarter worth $194,237,000. Legal & General Group Plc bought a new position in shares of CMS Energy in the 2nd quarter worth $189,370,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of CMS Energy by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock worth $122,657,000 after purchasing an additional 50,475 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $69.73 on Wednesday. CMS Energy Corporation has a 52 week low of $62.28 and a 52 week high of $80.36. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.67 and a current ratio of 0.95. The stock has a 50 day moving average price of $66.99 and a 200 day moving average price of $72.49. The stock has a market capitalization of $21.87 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31.

CMS Energy (NYSE:CMS) last announced its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders 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 dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 81.43%.

Analyst Ratings Changes

Several research firms have weighed in on CMS. Scotiabank reissued a “sector outperform” rating and issued a $78.00 target price on shares of CMS Energy in a research note on Thursday, October 1st. Jefferies Financial Group decreased their target price on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Tuesday, September 15th. Barclays lowered their price target on CMS Energy from $81.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Capital One Financial set a $73.00 price target on shares of CMS Energy in a research report on Tuesday, October 6th. Finally, Wells Fargo & Company cut their price target on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 28th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.35.

CMS Energy Company 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.