Janney Montgomery Scott LLC Sells 1,389 Shares of CMS Energy Co. (NYSE:CMS)

Janney Montgomery Scott LLC lessened its position in CMS Energy Co. (NYSE:CMS) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,298 shares of the utilities provider’s stock after selling 1,389 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CMS Energy were worth $2,564,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in 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 worth $3,059,000 after buying an additional 50,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CMS Energy by 16.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock worth $21,267,000 after buying an additional 49,630 shares during the period. Assenagon Asset Management S.A. increased its stake in CMS Energy by 79.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider’s stock worth $43,569,000 after buying an additional 325,101 shares during the period. Bayesian Capital Management LP increased its stake in CMS Energy by 402.6% in the 1st quarter. Bayesian Capital Management LP now owns 19,600 shares of the utilities provider’s stock worth $1,183,000 after buying an additional 15,700 shares during the period. Finally, Cetera Investment Advisers increased its stake in CMS Energy by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock worth $1,582,000 after buying an additional 20,056 shares during the period. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 2.0 %

CMS stock opened at $68.62 on Tuesday. The firm has a 50 day moving average of $69.82 and a 200 day moving average of $65.00. The stock has a market capitalization of $20.50 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.41. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 52 week low of $54.99 and a 52 week high of $72.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. Sell-side analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a $0.515 dividend. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 3.00%. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CMS. Scotiabank raised their price target on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Bank of America raised their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Finally, KeyCorp raised 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and a consensus price target of $70.29.

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.