Profund Advisors LLC Raises Holdings in CMS Energy Co. (NYSE:CMS)

Profund Advisors LLC lifted its position in shares of CMS Energy Co. (NYSE:CMS) by 50.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,490 shares of the utilities provider’s stock after purchasing an additional 5,502 shares during the period. Profund Advisors LLC’s holdings in CMS Energy were worth $982,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new position in shares of CMS Energy in the 4th quarter valued at $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of CMS Energy during the fourth quarter worth about $36,000. TruNorth Capital Management LLC grew its holdings in shares of CMS Energy by 431.3% during 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 during the last quarter. Headlands Technologies LLC acquired a new position in CMS Energy in the 1st quarter valued at about $43,000. Finally, Innealta Capital LLC purchased a new stake in CMS Energy during the 2nd quarter valued at approximately $43,000. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

Shares of NYSE CMS opened at $70.27 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The company’s 50-day moving average price is $66.44 and its 200 day moving average price is $62.36. CMS Energy Co. has a 52 week low of $49.87 and a 52 week high of $70.74. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.75 and a beta of 0.40.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data 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. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the company posted $0.75 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that CMS Energy Co. will post 3.33 earnings per share 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 dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.90%. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore ISI upgraded CMS Energy to a “hold” rating in a research note on Friday, July 26th. Scotiabank boosted their price objective 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. KeyCorp upped their price objective on shares of CMS Energy from $68.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Barclays lifted their target price on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company increased their price target on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.75.

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.