Elo Mutual Pension Insurance Co Buys 492 Shares of CMS Energy Co. (NYSE:CMS)

Elo Mutual Pension Insurance Co lifted its stake in CMS Energy Co. (NYSE:CMS) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,040 shares of the utilities provider’s stock after purchasing an additional 492 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in CMS Energy were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CMS. Lazard Asset Management LLC lifted its stake in shares of CMS Energy by 48,203.8% in the first quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock worth $3,059,000 after buying an additional 50,614 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in CMS Energy by 16.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after acquiring an additional 49,630 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CMS Energy by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock valued at $60,326,000 after purchasing an additional 18,636 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of CMS Energy by 132.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after purchasing an additional 611,282 shares in the last quarter. Finally, Duality Advisers LP raised its stake in shares of CMS Energy by 1,854.4% in the first quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock worth $6,890,000 after purchasing an additional 108,350 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley lifted their price objective on CMS Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Guggenheim boosted their target price on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Barclays raised 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

CMS Energy Stock Performance

Shares of CMS opened at $69.84 on Friday. The business has a 50-day simple moving average of $66.24 and a two-hundred day simple moving average of $62.25. 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 Co. has a 52 week low of $49.87 and a 52 week high of $70.74. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.75 and a beta of 0.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a $0.51 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.92%. CMS Energy’s payout ratio is presently 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.