Deerfield Management Company L.P. Series C Purchases Shares of 14,354 CMS Energy Co. (NYSE:CMS)

Deerfield Management Company L.P. Series C purchased a new stake in shares of CMS Energy Co. (NYSE:CMS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,354 shares of the utilities provider’s stock, valued at approximately $854,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the period. Capital International Investors increased its position in shares of CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after buying an additional 1,234,791 shares in the last quarter. Capital Research Global Investors raised its stake in shares of CMS Energy by 1.2% during the 4th quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after buying an additional 65,966 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of CMS Energy by 320.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after buying an additional 3,282,697 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMS shares. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Barclays raised their price target on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.17.

CMS Energy Stock Up 0.2 %

Shares of NYSE:CMS opened at $69.95 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The business has a fifty day moving average of $66.77 and a two-hundred day moving average of $62.48. The stock has a market cap of $20.89 billion, a P/E ratio of 21.33, a PEG ratio of 2.80 and a beta of 0.40. CMS Energy Co. has a 52-week low of $49.87 and a 52-week high of $70.95.

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

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) 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.