Farther Finance Advisors LLC Has $101,000 Position in CMS Energy Co. (NYSE:CMS)

Farther Finance Advisors LLC increased its position in CMS Energy Co. (NYSE:CMS) by 32.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,424 shares of the utilities provider’s stock after buying an additional 348 shares during the quarter. Farther Finance Advisors LLC’s holdings in CMS Energy were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. TruNorth Capital Management LLC boosted its holdings in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 578 shares during the last quarter. Headlands Technologies LLC bought a new stake in CMS Energy in the first quarter valued at approximately $43,000. Innealta Capital LLC bought a new stake in CMS Energy in the second quarter valued at approximately $43,000. Values First Advisors Inc. bought a new stake in CMS Energy in the third quarter valued at approximately $56,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on CMS Energy in a report on Tuesday, November 5th. They set a “buy” rating and a $76.00 price target on the stock. Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th. Scotiabank upped their target price 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. KeyCorp upped their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company upped their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.29.

CMS Energy Stock Performance

CMS Energy stock opened at $68.62 on Tuesday. CMS Energy Co. has a 1-year low of $54.99 and a 1-year high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $20.50 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.41. The firm’s 50 day simple moving average is $69.82 and its 200 day simple moving average is $65.00.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. As a group, analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.00%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

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.