CMS Energy Co. (NYSE:CMS) Stock Holdings Lifted by Creative Planning

Creative Planning raised its position in CMS Energy Co. (NYSE:CMS) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 33,261 shares of the utilities provider’s stock after buying an additional 524 shares during the quarter. Creative Planning’s holdings in CMS Energy were worth $2,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of CMS Energy in the fourth quarter worth about $4,116,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of CMS Energy by 25.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,601 shares of the utilities provider’s stock worth $821,000 after buying an additional 2,779 shares during the last quarter. LVW Advisors LLC acquired a new stake in shares of CMS Energy in the first quarter worth about $313,000. Oak Thistle LLC acquired a new stake in shares of CMS Energy in the first quarter worth about $233,000. Finally, State of Michigan Retirement System lifted its position in shares of CMS Energy by 1.0% in the first quarter. State of Michigan Retirement System now owns 80,699 shares of the utilities provider’s stock worth $4,869,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

CMS has been the subject of a number of analyst reports. Scotiabank boosted their price target on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley boosted their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Finally, Bank of America boosted their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.85.

CMS Energy Trading Down 1.4 %

CMS Energy stock opened at $70.76 on Monday. The business has a 50 day moving average price of $69.52 and a two-hundred day moving average price of $64.29. 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 stock has a market cap of $21.13 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 12 month low of $53.53 and a 12 month high of $72.40.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm 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 company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, November 13th. 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.