Natixis Advisors LLC Buys 57,544 Shares of CMS Energy Corporation (NYSE:CMS)

Key Points

• Natixis Advisors LLC increased its stake in CMS Energy by 27.4%, owning 267,505 shares worth approximately $20.09 million as of the latest SEC filing.
• CMS Energy recently reported a quarterly earnings per share of $0.71, exceeding analysts' estimates, with revenue of $1.84 billion, a 14.4% rise from the same quarter last year.
• The company announced a quarterly dividend of $0.5425 per share, resulting in an annual dividend yield of 2.9%, with a payout ratio of 64.20%.

Natixis Advisors LLC lifted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 27.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,505 shares of the utilities provider's stock after buying an additional 57,544 shares during the period. Natixis Advisors LLC owned about 0.09% of CMS Energy worth $20,092,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Tredje AP fonden increased its holdings in CMS Energy by 288.2% in the first quarter. Tredje AP fonden now owns 88,251 shares of the utilities provider's stock valued at $6,629,000 after buying an additional 65,515 shares during the last quarter. XTX Topco Ltd raised its holdings in CMS Energy by 423.5% during the first quarter. XTX Topco Ltd now owns 24,511 shares of the utilities provider's stock valued at $1,841,000 after buying an additional 19,829 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in CMS Energy during the first quarter worth about $714,000. Federated Hermes Inc. boosted its stake in CMS Energy by 32.9% in the 1st quarter. Federated Hermes Inc. now owns 1,328 shares of the utilities provider's stock valued at $100,000 after buying an additional 329 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its position in shares of CMS Energy by 21.7% during the first quarter. Meeder Advisory Services Inc. now owns 13,441 shares of the utilities provider's stock worth $1,010,000 after acquiring an additional 2,396 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CMS shares. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Barclays upped their target price on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. Jefferies Financial Group increased their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company raised their target price on shares of CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $77.25.

CMS Energy Price Performance

CMS traded up $0.42 during trading on Thursday, reaching $74.53. The stock had a trading volume of 2,118,527 shares, compared to its average volume of 2,483,504. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00. The stock has a market cap of $22.31 billion, a PE ratio of 22.05, a PEG ratio of 2.76 and a beta of 0.36. The business has a 50-day moving average of $70.77 and a 200-day moving average of $71.07. CMS Energy Corporation has a one year low of $63.97 and a one year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. CMS Energy's revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.5425 per share. The ex-dividend date is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.9%. CMS Energy's dividend payout ratio is presently 64.20%.

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.