Zions Bancorporation National Association UT Purchases Shares of 9,750 CMS Energy Corporation (NYSE:CMS)

Key Points

• Zions Bancorporation National Association UT acquired 9,750 shares of CMS Energy Corporation valued at approximately $732,000 during the first quarter.
• CMS Energy reported a 14.4% increase in revenue year-over-year for the last quarter, with earnings per share (EPS) of $0.71, exceeding analysts' expectations.
• The company declared a $0.5425 quarterly dividend, representing an annual yield of 3.0%, to be paid on August 29th to shareholders of record.

Zions Bancorporation National Association UT purchased a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,750 shares of the utilities provider's stock, valued at approximately $732,000.

Several other large investors also recently made changes to their positions in CMS. Sigma Planning Corp increased its stake in shares of CMS Energy by 0.4% during the first quarter. Sigma Planning Corp now owns 32,045 shares of the utilities provider's stock valued at $2,407,000 after acquiring an additional 142 shares during the period. Sage Mountain Advisors LLC increased its stake in shares of CMS Energy by 4.5% during the first quarter. Sage Mountain Advisors LLC now owns 3,360 shares of the utilities provider's stock valued at $252,000 after acquiring an additional 144 shares during the period. Sumitomo Life Insurance Co. increased its stake in shares of CMS Energy by 1.3% during the first quarter. Sumitomo Life Insurance Co. now owns 11,233 shares of the utilities provider's stock valued at $844,000 after acquiring an additional 146 shares during the period. Spire Wealth Management increased its stake in shares of CMS Energy by 6.4% during the first quarter. Spire Wealth Management now owns 2,550 shares of the utilities provider's stock valued at $191,000 after acquiring an additional 154 shares during the period. Finally, Nicholson Wealth Management Group LLC increased its stake in shares of CMS Energy by 0.8% during the first quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock valued at $1,753,000 after acquiring an additional 174 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Trading Down 1.4%

CMS Energy stock opened at $73.52 on Friday. The company has a 50 day moving average price of $70.93 and a 200 day moving average price of $71.19. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. 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 firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 2.73 and a beta of 0.36.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business posted $0.66 EPS. The company's revenue was up 14.4% on a year-over-year basis. Research analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. CMS Energy's dividend payout ratio (DPR) is currently 64.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CMS shares. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. BMO Capital Markets raised their price objective on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Scotiabank reiterated an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $77.25.

CMS Energy Company Profile

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.

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