142,090 CMS Energy Corporation $CMS Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 331.0% during the third quarter, HoldingsChannel.com reports. The fund owned 185,018 shares of the utilities provider’s stock after buying an additional 142,090 shares during the quarter. New York Life Investment Management LLC’s holdings in CMS Energy were worth $11,671,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nemes Rush Group LLC boosted its position in shares of CMS Energy by 577.0% during the 3rd quarter. Nemes Rush Group LLC now owns 1,652 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,408 shares in the last quarter. AlphaCore Capital LLC increased its holdings in CMS Energy by 347.1% in the third quarter. AlphaCore Capital LLC now owns 18,267 shares of the utilities provider’s stock worth $1,152,000 after purchasing an additional 14,181 shares in the last quarter. Retirement Systems of Alabama increased its holdings in CMS Energy by 225.9% in the third quarter. Retirement Systems of Alabama now owns 1,581,870 shares of the utilities provider’s stock worth $99,784,000 after purchasing an additional 1,096,475 shares in the last quarter. Avion Wealth increased its holdings in CMS Energy by 139.3% in the third quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. lifted its stake in CMS Energy by 396.7% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 2,240 shares of the utilities provider’s stock valued at $141,000 after buying an additional 1,789 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $69.57 on Thursday. The business has a 50-day simple moving average of $67.03 and a 200 day simple moving average of $72.48. CMS Energy Corporation has a one year low of $62.28 and a one year high of $80.36. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.95 and a quick ratio of 0.67. The firm has a market capitalization of $21.82 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.55 and a beta of 0.31.

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

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 6th. CMS Energy’s dividend payout ratio is presently 81.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMS shares. HSBC started coverage on CMS Energy in a report on Thursday, October 22nd. They set a “hold” rating and a $69.00 price target on the stock. Argus reiterated a “buy” rating and issued a $80.00 price objective on shares of CMS Energy in a research note on Wednesday, August 26th. Mizuho dropped their target price on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Finally, Capital One Financial set a $73.00 price target on shares of CMS Energy in a report on Tuesday, October 6th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.35.

About CMS Energy

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.