Federated Hermes Inc. Has $193,000 Holdings in CMS Energy Co. (NYSE:CMS)

Federated Hermes Inc. lifted its stake in CMS Energy Co. (NYSE:CMS) by 201.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,234 shares of the utilities provider’s stock after acquiring an additional 2,162 shares during the period. Federated Hermes Inc.’s holdings in CMS Energy were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMS. Scarborough Advisors LLC bought a new stake in CMS Energy in the 4th quarter valued at $29,000. Voisard Asset Management Group Inc. bought a new stake in shares of CMS Energy in the fourth quarter valued at about $36,000. TruNorth Capital Management LLC lifted its stake in shares of 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 buying an additional 578 shares during the period. Headlands Technologies LLC acquired a new stake in CMS Energy during the first quarter worth about $43,000. Finally, Innealta Capital LLC bought a new position in CMS Energy during the second quarter valued at about $43,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Down 0.3 %

NYSE CMS opened at $70.08 on Wednesday. The stock’s 50 day simple moving average is $66.62 and its 200 day simple moving average is $62.43. CMS Energy Co. has a one year low of $49.87 and a one year high of $70.95. The firm has a market cap of $20.93 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.

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, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMS. KeyCorp lifted their price objective on CMS Energy from $68.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Scotiabank increased 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. 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 research report on Tuesday, August 13th. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Six 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 has a consensus rating of “Moderate Buy” and a consensus 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.