Whittier Trust Co. Has $673,000 Holdings in CMS Energy Co. (NYSE:CMS)

Whittier Trust Co. boosted its stake in CMS Energy Co. (NYSE:CMS) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,532 shares of the utilities provider’s stock after purchasing an additional 283 shares during the quarter. Whittier Trust Co.’s holdings in CMS Energy were worth $673,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its stake in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock valued at $1,511,000 after acquiring an additional 157 shares during the last quarter. Continuum Advisory LLC grew its holdings in CMS Energy by 9.6% during the second quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 205 shares during the period. Tobam increased its stake in CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of CMS Energy by 5.3% during the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 215 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of CMS Energy by 6.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,767 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CMS shares. Evercore ISI raised CMS Energy to a “hold” rating in a research note on Friday, July 26th. Barclays raised their price target on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Mizuho downgraded shares of CMS Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $76.00 to $72.00 in a report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, CMS Energy has a consensus rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Trading Up 1.5 %

CMS Energy stock opened at $72.10 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a 50-day moving average of $69.32 and a 200-day moving average of $64.08. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a one year low of $52.99 and a one year high of $72.12.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy’s payout ratio is presently 62.80%.

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.