CMS Energy Co. (NYSE:CMS) Shares Bought by Beck Bode LLC

Beck Bode LLC lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 991.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,324 shares of the utilities provider’s stock after acquiring an additional 196,501 shares during the quarter. CMS Energy accounts for about 2.6% of Beck Bode LLC’s portfolio, making the stock its 12th largest position. Beck Bode LLC owned 0.07% of CMS Energy worth $12,878,000 as of its most recent filing with the Securities and Exchange Commission.

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

CMS Energy Stock Performance

Shares of CMS stock opened at $70.43 on Friday. The stock’s 50-day moving average price is $66.94 and its 200 day moving average price is $62.53. 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 stock has a market capitalization of $21.03 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.80 and a beta of 0.40. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $71.02.

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

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays upped their price objective on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 13th. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Scotiabank raised their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Morgan Stanley increased their target price on shares of CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.17.

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.