B. Riley Wealth Advisors Inc. Has $257,000 Holdings in CMS Energy Co. (NYSE:CMS)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 42.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,316 shares of the utilities provider’s stock after selling 3,149 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CMS Energy were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of CMS Energy by 101.7% in 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 buying an additional 3,473,977 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after buying an additional 3,282,697 shares during the period. JPMorgan Chase & Co. lifted its position in shares of CMS Energy by 14.0% in the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after buying an additional 2,786,071 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in shares of CMS Energy by 105.9% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after acquiring an additional 800,344 shares during the period. Finally, Railway Pension Investments Ltd bought a new position in CMS Energy during the second quarter worth $47,082,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Wells Fargo & Company raised their price target on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Evercore ISI raised CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, Scotiabank increased their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.38.

CMS Energy Price Performance

Shares of CMS opened at $69.97 on Wednesday. The business has a 50-day moving average of $68.12 and a 200-day moving average of $63.18. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of $20.90 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.80 and a beta of 0.41. CMS Energy Co. has a 1 year low of $52.12 and a 1 year high of $71.57.

CMS Energy (NYSE:CMS) last issued its quarterly 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. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted $0.75 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current 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 payout ratio is 62.80%.

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.