CMS Energy Co. (NYSE:CMS) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its stake in CMS Energy Co. (NYSE:CMS) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,296 shares of the utilities provider’s stock after purchasing an additional 2,657 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in CMS Energy were worth $1,387,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC raised its stake in shares of CMS Energy by 48,203.8% in the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock valued at $3,059,000 after purchasing an additional 50,614 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in CMS Energy by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock worth $21,267,000 after acquiring an additional 49,630 shares during the period. Hsbc Holdings PLC raised its stake in CMS Energy by 132.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after acquiring an additional 611,282 shares during the period. Duality Advisers LP raised its stake in CMS Energy by 1,854.4% during the first quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock worth $6,890,000 after acquiring an additional 108,350 shares during the period. Finally, Viking Fund Management LLC acquired a new stake in CMS Energy during the first quarter worth about $2,655,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Down 0.3 %

CMS Energy stock opened at $70.08 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $70.95. The firm’s 50 day moving average price is $66.62 and its two-hundred day moving average price is $62.43.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.61 billion for 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 firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, research analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, August 2nd. CMS Energy’s dividend payout ratio is 62.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. KeyCorp increased their price objective on shares of CMS Energy from $68.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Bank of America increased their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Guggenheim upped their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Scotiabank upped their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, CMS Energy has an average 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.