25,849 CMS Energy Corporation $CMS Shares Purchased by Argonautica Private Wealth Management Inc.

Key Points

• Argonautica Private Wealth Management increased its CMS Energy stake by 498.3% in the third quarter, adding 25,849 shares and bringing its holdings to 31,036 shares, valued at about $1.96 million.
• CMS Energy reported quarterly EPS of $1.44, beating the $1.35 consensus, while revenue of $2.18 billion fell short of estimates; revenue rose 8% year over year.
• The company announced a quarterly dividend of $0.57 per share, equivalent to a 3.2% yield. Analysts’ average rating was “Hold,” with an average price target of $77.35.

Argonautica Private Wealth Management Inc. increased its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 498.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,036 shares of the utilities provider's stock after acquiring an additional 25,849 shares during the quarter. Argonautica Private Wealth Management Inc.'s holdings in CMS Energy were worth $1,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kilter Group LLC acquired a new position in shares of CMS Energy during the second quarter worth $26,000. Scarborough Advisors LLC acquired a new position in CMS Energy during the 1st quarter valued at about $31,000. Independence Bank of Kentucky acquired a new stake in CMS Energy in the third quarter worth about $27,000. Trust Co. of Vermont purchased a new stake in shares of CMS Energy during the second quarter worth about $33,000. Finally, MidFirst Bank acquired a new position in shares of CMS Energy during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Stock Down 0.4%

NYSE:CMS opened at $70.68 on Friday. The firm has a market capitalization of $22.17 billion, a P/E ratio of 18.25, a PEG ratio of 2.59 and a beta of 0.31. CMS Energy Corporation has a 1-year low of $62.28 and a 1-year high of $80.36. The company's fifty day moving average price is $66.92 and its 200-day moving average price is $72.52. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.95 and a quick ratio of 0.67.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.09. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 6th. CMS Energy's payout ratio is 81.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CMS shares. Weiss Ratings lowered shares of CMS Energy from a "hold (c+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 28th. Wells Fargo & Company dropped their price objective on shares of CMS Energy from $79.00 to $73.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 28th. Capital One Financial set a $73.00 target price on CMS Energy in a research report on Tuesday, October 6th. Royal Bank Of Canada set a $73.00 target price on CMS Energy in a research note on Tuesday, October 6th. Finally, BMO Capital Markets lifted their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Monday, October 19th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $77.35.

About CMS Energy

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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