Epoch Investment Partners Inc. Has $15.55 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Epoch Investment Partners Inc. decreased its stake in CMS Energy Co. (NYSE:CMS) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,180 shares of the utilities provider’s stock after selling 7,094 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.09% of CMS Energy worth $15,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC boosted its position in CMS Energy by 0.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 20,607 shares of the utilities provider’s stock valued at $1,228,000 after purchasing an additional 192 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 205 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of CMS Energy by 6.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock valued at $224,000 after buying an additional 236 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of CMS Energy by 19.8% in the 4th quarter. Parallel Advisors LLC now owns 1,458 shares of the utilities provider’s stock valued at $85,000 after buying an additional 241 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in CMS Energy by 6.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,201 shares of the utilities provider’s stock worth $250,000 after buying an additional 265 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Up 0.9 %

Shares of CMS stock opened at $69.84 on Monday. The stock has a 50 day moving average of $66.24 and a 200-day moving average of $62.29. The firm has a market cap of $20.86 billion, a PE ratio of 21.29, 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 Co. has a 12 month low of $49.87 and a 12 month high of $70.74.

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. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities analysts predict 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. Investors of record on Friday, August 2nd were paid a dividend of $0.51 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.04 annualized dividend and a yield of 2.92%. CMS Energy’s dividend payout ratio is 62.80%.

Wall Street Analyst Weigh In

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

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.