Headlands Technologies LLC Increases Holdings in CMS Energy Co. (NYSE:CMS)

Headlands Technologies LLC lifted its position in shares of CMS Energy Co. (NYSE:CMS) by 194.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,102 shares of the utilities provider’s stock after acquiring an additional 1,388 shares during the quarter. Headlands Technologies LLC’s holdings in CMS Energy were worth $125,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Scarborough Advisors LLC purchased a new stake in CMS Energy in the 4th quarter valued at approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy in the 4th quarter valued at approximately $36,000. TruNorth Capital Management LLC lifted its stake in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after buying an additional 578 shares in the last quarter. Innealta Capital LLC purchased a new stake in CMS Energy in the 2nd quarter valued at approximately $43,000. Finally, DT Investment Partners LLC lifted its stake in CMS Energy by 594.5% in the 2nd quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock valued at $60,000 after buying an additional 862 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 1.1 %

Shares of NYSE CMS opened at $70.09 on Monday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $70.12. The company has a market cap of $20.94 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.75 and a beta of 0.40. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The stock has a fifty day moving average price of $65.22 and a 200 day moving average price of $61.90.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. CMS Energy’s payout ratio is currently 62.80%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CMS. Morgan Stanley upped their target price on CMS Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Barclays increased their price target on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 13th. Wells Fargo & Company increased their price target on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Guggenheim increased their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, CMS Energy has an average rating of “Moderate Buy” and an average target price of $67.33.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.