46,327 CMS Energy Corporation $CMS Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board raised its stake in CMS Energy Corporation (NYSE:CMS) by 302.6% during the third quarter, Holdings Channel reports. The firm owned 61,637 shares of the utilities provider’s stock after purchasing an additional 46,327 shares during the period. New Mexico Educational Retirement Board’s holdings in CMS Energy were worth $3,888,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Avion Wealth increased its holdings in shares of CMS Energy by 139.3% during the 3rd quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock worth $25,000 after buying an additional 227 shares during the last quarter. Kilter Group LLC purchased a new position in shares of CMS Energy in the 2nd quarter worth $26,000. Independence Bank of Kentucky purchased a new position in shares of CMS Energy in the 3rd quarter worth $27,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of CMS Energy in the 3rd quarter worth $30,000. Finally, Scarborough Advisors LLC acquired a new position in CMS Energy in the first quarter valued at $31,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Price Performance

CMS Energy stock opened at $69.57 on Thursday. CMS Energy Corporation has a 52-week low of $62.28 and a 52-week high of $80.36. The firm has a fifty day moving average of $67.03 and a 200-day moving average of $72.48. The firm has a market capitalization of $21.82 billion, a P/E ratio of 24.85, a PEG ratio of 2.55 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 (NYSE:CMS) last issued its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.23 billion. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, analysts predict that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CMS shares. JPMorgan Chase & Co. boosted 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. UBS Group restated a “neutral” rating and issued a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Weiss Ratings lowered CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Capital One Financial set a $73.00 price objective on CMS Energy in a research note on Tuesday, October 6th. Finally, Wells Fargo & Company decreased their target price on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.