Sequoia Financial Advisors LLC Increases Holdings in CMS Energy Co. (NYSE:CMS)

Sequoia Financial Advisors LLC raised its holdings in shares of CMS Energy Co. (NYSE:CMS) by 28.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,014 shares of the utilities provider’s stock after purchasing an additional 2,224 shares during the period. Sequoia Financial Advisors LLC’s holdings in CMS Energy were worth $707,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in CMS Energy by 48,203.8% in the first quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock worth $3,059,000 after buying an additional 50,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CMS Energy by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after purchasing an additional 49,630 shares in the last quarter. Duality Advisers LP grew its stake in CMS Energy by 1,854.4% in the first quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock worth $6,890,000 after purchasing an additional 108,350 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in CMS Energy by 56.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,719 shares of the utilities provider’s stock worth $4,511,000 after purchasing an additional 27,053 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in CMS Energy by 79.9% during the second quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider’s stock valued at $43,569,000 after buying an additional 325,101 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMS. BMO Capital Markets upped their target price on shares of CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley upped their price objective on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Barclays boosted 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. Finally, Wells Fargo & Company raised their price objective on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Trading Down 1.4 %

Shares of NYSE:CMS opened at $70.76 on Friday. CMS Energy Co. has a 1 year low of $53.53 and a 1 year high of $72.40. The stock’s fifty day moving average price is $69.52 and its 200-day moving average price is $64.21. The company has a market cap of $21.13 billion, a P/E ratio of 21.57, a PEG ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.

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

CMS Energy Increases Dividend

The business 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 $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 2.91%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

CMS Energy 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.