CMS Energy Co. (NYSE:CMS) Holdings Raised by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in CMS Energy Co. (NYSE:CMS) by 15.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,840 shares of the utilities provider’s stock after buying an additional 5,330 shares during the period. Private Advisor Group LLC’s holdings in CMS Energy were worth $2,743,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its holdings in shares of CMS Energy by 0.6% in the second quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after acquiring an additional 157 shares in the last quarter. Continuum Advisory LLC lifted its position in CMS Energy by 9.6% in the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 205 shares during the period. Tobam boosted its stake in CMS Energy by 31.7% during the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of CMS Energy by 5.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of CMS Energy by 6.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock worth $224,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $71.16 on Tuesday. The stock has a market cap of $21.25 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 12 month low of $53.53 and a 12 month high of $72.40. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The business has a fifty day simple moving average of $69.61 and a 200-day simple moving average of $64.38.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is 62.80%.

Analyst Ratings Changes

Several research analysts recently weighed in on CMS shares. Morgan Stanley raised their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays lifted their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Mizuho lowered shares of CMS Energy from an “outperform” rating to a “neutral” rating and cut their target price for the company from $76.00 to $72.00 in a research note on Tuesday, October 15th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, BMO Capital Markets upped their price target on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price of $69.85.

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.