Nisa Investment Advisors LLC Grows Position in CMS Energy Co. (NYSE:CMS)

Nisa Investment Advisors LLC grew its position in shares of CMS Energy Co. (NYSE:CMS) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,322 shares of the utilities provider’s stock after purchasing an additional 1,205 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of CMS Energy worth $11,606,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC increased its holdings in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after buying an additional 578 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CMS Energy during the 1st quarter valued at about $43,000. Innealta Capital LLC purchased a new position in shares of CMS Energy in the 2nd quarter valued at about $43,000. Values First Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter worth about $56,000. Finally, DT Investment Partners LLC raised its holdings in CMS Energy by 594.5% in the 2nd quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 862 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Price Performance

CMS stock opened at $70.11 on Thursday. CMS Energy Co. has a 1 year low of $53.64 and a 1 year high of $72.40. 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 market capitalization of $20.94 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The business has a 50 day simple moving average of $69.73 and a 200-day simple moving average of $64.51.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. The ex-dividend date is Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.94%. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Guggenheim boosted their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America boosted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Scotiabank increased their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Finally, Morgan Stanley upped their price target on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.85.

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.