25,929 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in CMS Energy Co. (NYSE:CMS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,929 shares of the utilities provider’s stock, valued at approximately $1,539,000.

Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in CMS Energy by 14.0% in the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after buying an additional 2,786,071 shares during the period. Massachusetts Financial Services Co. MA lifted 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 worth $410,223,000 after buying an additional 3,473,977 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after buying an additional 3,282,697 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of CMS Energy by 30.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,149,298 shares of the utilities provider’s stock valued at $182,880,000 after purchasing an additional 742,390 shares during the last quarter. Finally, Perpetual Ltd boosted its position in shares of CMS Energy by 5.4% in the 1st quarter. Perpetual Ltd now owns 2,607,102 shares of the utilities provider’s stock worth $157,313,000 after purchasing an additional 134,035 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CMS. Guggenheim boosted their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Mizuho boosted their price target on CMS Energy from $65.00 to $76.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. BMO Capital Markets boosted their price target on CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Barclays boosted their price target on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.38.

CMS Energy Price Performance

Shares of CMS opened at $69.62 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a market cap of $20.79 billion, a PE ratio of 21.33, a P/E/G ratio of 2.80 and a beta of 0.41. CMS Energy Co. has a 1-year low of $52.12 and a 1-year high of $71.57. The firm has a fifty day simple moving average of $68.22 and a two-hundred day simple moving average of $63.25.

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

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, August 2nd. CMS Energy’s dividend payout ratio is currently 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.