15,148 Shares of CMS Energy Corporation $CMS Purchased by M Holdings Securities Inc.

Key Points

• M Holdings Securities bought 15,148 CMS Energy shares in the third quarter, valued at about $956,000. Other institutions also added positions, and institutional investors collectively own 93.57% of the stock.
• CMS Energy beat quarterly EPS expectations, reporting $1.44 versus the $1.35 consensus, while revenue rose 8% year over year to $2.18 billion—below analysts’ $2.23 billion forecast.
• The company declared a quarterly dividend of $0.57 per share, equivalent to an annualized yield of 3.3%. Analysts’ consensus rating was “Hold,” with an average price target of $77.35.

M Holdings Securities Inc. purchased a new position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,148 shares of the utilities provider's stock, valued at approximately $956,000.

A number of other institutional investors have also recently bought and sold shares of CMS. Nykredit A S bought a new stake in CMS Energy in the 2nd quarter valued at $1,372,000. Assenagon Asset Management S.A. boosted its position in CMS Energy by 10,463.3% during the second quarter. Assenagon Asset Management S.A. now owns 518,237 shares of the utilities provider's stock worth $39,645,000 after purchasing an additional 513,331 shares during the period. Jefferies Financial Group Inc. bought a new position in CMS Energy during the second quarter worth $2,106,000. Energy Income Partners LLC acquired a new position in shares of CMS Energy in the second quarter valued at $53,709,000. Finally, Mattern Capital Management LLC increased its holdings in shares of CMS Energy by 32.3% in the first quarter. Mattern Capital Management LLC now owns 159,660 shares of the utilities provider's stock valued at $12,386,000 after purchasing an additional 38,952 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $69.44 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.95 and a quick ratio of 0.67. The stock's fifty day moving average price is $66.96 and its two-hundred day moving average price is $72.49. CMS Energy Corporation has a one year low of $62.28 and a one year high of $80.36. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 2.59 and a beta of 0.31.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.09. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the business earned $0.93 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be paid a $0.57 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy's dividend payout ratio is 81.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Monday, October 19th. Morgan Stanley reduced their target price on shares of CMS Energy from $77.00 to $73.00 and set an "equal weight" rating for the company in a report on Wednesday, October 21st. Mizuho decreased their price target on shares of CMS Energy from $78.00 to $77.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings cut shares of CMS Energy from a "hold (c+)" rating to a "hold (c-)" rating in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $77.35.

CMS Energy Profile

CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan's Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula.

Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region's energy needs.

CMS Energy was formed as a holding company in 1987 and is headquartered in Jackson, Michigan.

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