CMS Energy Co. (NYSE:CMS) Stock Holdings Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of CMS Energy Co. (NYSE:CMS) by 8.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,943 shares of the utilities provider’s stock after purchasing an additional 2,001 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CMS Energy were worth $1,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMS. JPMorgan Chase & Co. raised its position in shares of CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after buying an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of CMS Energy by 101.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after acquiring an additional 3,473,977 shares in the last quarter. Capital International Investors grew its stake in CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after purchasing an additional 1,234,791 shares in the last quarter. Capital Research Global Investors increased its holdings in CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after buying an additional 65,966 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after purchasing an additional 3,282,697 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CMS shares. Barclays raised their price objective on CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. KeyCorp increased their target price on shares of CMS Energy from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Bank of America increased their target price on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $67.75.

CMS Energy Stock Performance

Shares of CMS opened at $69.84 on Friday. The firm’s 50 day moving average price is $66.24 and its two-hundred day moving average price is $62.27. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $70.74. The firm has a market cap of $20.86 billion, a P/E ratio of 21.29, a PEG ratio of 2.75 and a beta of 0.40.

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

CMS Energy Cuts Dividend

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