Ensign Peak Advisors Inc Raises Stock Holdings in CMS Energy Co. (NYSE:CMS)

Ensign Peak Advisors Inc lifted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 25.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,455 shares of the utilities provider’s stock after purchasing an additional 92,820 shares during the quarter. Ensign Peak Advisors Inc owned 0.15% of CMS Energy worth $27,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Scarborough Advisors LLC purchased a new stake in CMS Energy in the fourth quarter worth approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy in the fourth quarter worth approximately $36,000. TruNorth Capital Management LLC boosted its stake in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares in the last quarter. Headlands Technologies LLC purchased a new stake in CMS Energy in the first quarter worth approximately $43,000. Finally, Innealta Capital LLC purchased a new stake in CMS Energy in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research reports. Guggenheim upped their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their target price on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Bank of America boosted their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Scotiabank boosted their price objective on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, KeyCorp boosted their price objective on CMS Energy from $68.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Six research 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.75.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $69.84 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The company has a market cap of $20.86 billion, a PE ratio of 21.29, a P/E/G ratio of 2.75 and a beta of 0.40. The business has a 50 day moving average of $66.24 and a 200 day moving average of $62.29. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $70.74.

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

CMS Energy Cuts Dividend

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