MQS Management LLC Buys Shares of 5,962 CMS Energy Co. (NYSE:CMS)

MQS Management LLC purchased a new position in CMS Energy Co. (NYSE:CMS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,962 shares of the utilities provider’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Scarborough Advisors LLC acquired a new position in CMS Energy in the fourth quarter valued at approximately $29,000. Voisard Asset Management Group Inc. bought a new stake in shares of CMS Energy in the 4th quarter worth approximately $36,000. TruNorth Capital Management LLC boosted its position in CMS Energy by 431.3% during the 2nd 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 during the period. Headlands Technologies LLC acquired a new position in CMS Energy during the 1st quarter valued at approximately $43,000. Finally, Innealta Capital LLC bought a new position in CMS Energy during the 2nd quarter worth $43,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Guggenheim boosted their price target on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America boosted their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley raised their price target on shares of CMS Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Scotiabank boosted their price objective on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.75.

CMS Energy Trading Down 1.1 %

Shares of CMS Energy stock opened at $69.23 on Friday. The business has a fifty day simple moving average of $66.07 and a 200-day simple moving average of $62.18. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $70.74. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The company 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 company earned $0.75 EPS. CMS Energy’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.95%. CMS Energy’s dividend payout ratio is currently 62.80%.

CMS Energy 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.