CMS Energy Corporation $CMS Shares Acquired by Signaturefd LLC

Signaturefd LLC increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 227.9% during the 3rd quarter, Holdings Channel reports. The fund owned 24,738 shares of the utilities provider’s stock after buying an additional 17,194 shares during the quarter. Signaturefd LLC’s holdings in CMS Energy were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CMS. Citizens Financial Group Inc. RI increased its stake in CMS Energy by 120.9% in the third quarter. Citizens Financial Group Inc. RI now owns 11,949 shares of the utilities provider’s stock valued at $754,000 after purchasing an additional 6,540 shares in the last quarter. Sowell Financial Services LLC raised its holdings in CMS Energy by 484.9% in the third quarter. Sowell Financial Services LLC now owns 24,652 shares of the utilities provider’s stock worth $1,555,000 after purchasing an additional 20,437 shares during the period. Evergreen Capital Management LLC raised its holdings in CMS Energy by 908.6% in the third quarter. Evergreen Capital Management LLC now owns 26,708 shares of the utilities provider’s stock worth $1,685,000 after purchasing an additional 24,060 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of CMS Energy by 849.5% during the third quarter. Farmers & Merchants Investments Inc. now owns 1,956 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of CMS Energy by 69.0% during the third quarter. Wedbush Securities Inc. now owns 35,713 shares of the utilities provider’s stock worth $2,253,000 after purchasing an additional 14,583 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 0.1%

CMS opened at $69.67 on Tuesday. The stock has a market capitalization of $21.85 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.54 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month high of $80.36. The firm’s fifty day simple moving average is $66.93 and its 200 day simple moving average is $72.54.

CMS Energy (NYSE:CMS) last released its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, November 6th. CMS Energy’s payout ratio is 68.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley dropped their price objective on CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Weiss Ratings downgraded CMS Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Argus reiterated a “buy” rating and set a $80.00 target price on shares of CMS Energy in a report on Wednesday, August 26th. Finally, Capital One Financial set a $73.00 target price on CMS Energy in a research note on Tuesday, October 6th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Hold” and an average target price of $77.76.

About CMS Energy

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.