17,194 CMS Energy Corporation $CMS Shares Bought by Signaturefd LLC

Key Points

• Signaturefd LLC increased its CMS Energy stake by 227.9% in the third quarter, purchasing 17,194 additional shares and bringing its holdings to 24,738 shares valued at approximately $1.56 million.
• CMS Energy reported quarterly EPS of $0.37, slightly beating estimates, while revenue declined 0.5% year over year to $1.83 billion. Analysts expect full-year EPS of approximately $3.87.
• The company declared a quarterly dividend of $0.57 per share, equivalent to an annualized $2.28 payout and a 3.3% yield. Analysts’ average rating is “Hold,” with an average price target of $77.76.

Signaturefd LLC lifted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 227.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,738 shares of the utilities provider's stock after purchasing an additional 17,194 shares during the period. Signaturefd LLC's holdings in CMS Energy were worth $1,560,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kilter Group LLC acquired a new position in CMS Energy during the 2nd quarter worth $26,000. Pension & Wealth Management Advisors Inc. bought a new position in CMS Energy in the 3rd quarter valued at $30,000. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at $31,000. Trust Co. of Vermont acquired a new stake in shares of CMS Energy in the 2nd quarter valued at $33,000. Finally, MidFirst Bank acquired a new stake in shares of CMS Energy in the 2nd quarter valued at $34,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Price Performance

CMS opened at $69.67 on Tuesday. The company has a fifty day moving average price of $66.93 and a two-hundred day moving average price of $72.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94. CMS Energy Corporation has a 52 week low of $62.28 and a 52 week high of $80.36. The firm has a market capitalization of $21.85 billion, a PE ratio of 20.59, a P/E/G ratio of 2.54 and a beta of 0.32.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a yield of 3.3%. CMS Energy's dividend payout ratio is presently 68.47%.

Analysts Set New Price Targets

CMS has been the subject of a number of recent research reports. Capital One Financial set a $73.00 target price on CMS Energy in a research report on Tuesday, October 6th. Barclays decreased their price target on CMS Energy from $81.00 to $72.00 and set an "overweight" rating on the stock in a report on Friday, October 16th. KeyCorp lowered CMS Energy from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 23rd. UBS Group reissued a "neutral" rating and set a $84.00 price objective on shares of CMS Energy in a report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of CMS Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, July 5th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $77.76.

CMS Energy Company Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.

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