Virtu Financial LLC Acquires Shares of 15,558 CMS Energy Co. (NYSE:CMS)

Virtu Financial LLC bought a new position in CMS Energy Co. (NYSE:CMS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,558 shares of the utilities provider’s stock, valued at approximately $926,000.

A number of other hedge funds also recently made changes to their positions in CMS. Scarborough Advisors LLC bought a new stake in CMS Energy in the 4th quarter worth approximately $29,000. Voisard Asset Management Group Inc. purchased a new position in shares of CMS Energy in the fourth quarter valued at $36,000. TruNorth Capital Management LLC raised its stake in CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Headlands Technologies LLC bought a new position in CMS Energy during the first quarter valued at $43,000. Finally, Innealta Capital LLC purchased a new position in shares of CMS Energy in the 2nd quarter worth $43,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Bank of America raised their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Guggenheim lifted their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.75.

CMS Energy Trading Down 0.4 %

Shares of CMS opened at $70.00 on Thursday. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.75 and a beta of 0.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $70.74. The company has a 50-day moving average of $65.90 and a 200 day moving average of $62.13.

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

CMS Energy Cuts Dividend

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

CMS Energy Company Profile

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.