CMS Energy Co. (NYSE:CMS) Holdings Lifted by Spirit of America Management Corp NY

Spirit of America Management Corp NY grew its holdings in shares of CMS Energy Co. (NYSE:CMS) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,800 shares of the utilities provider’s stock after buying an additional 350 shares during the period. Spirit of America Management Corp NY’s holdings in CMS Energy were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMS. Wellington Management Group LLP acquired a new position in CMS Energy during the 4th quarter worth $4,116,000. Silverleafe Capital Partners LLC bought a new position in shares of CMS Energy in the first quarter valued at approximately $302,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of CMS Energy by 25.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,601 shares of the utilities provider’s stock valued at $821,000 after acquiring an additional 2,779 shares during the period. Chatham Capital Group Inc. raised its holdings in CMS Energy by 4.9% during the first quarter. Chatham Capital Group Inc. now owns 50,682 shares of the utilities provider’s stock worth $3,058,000 after purchasing an additional 2,347 shares in the last quarter. Finally, LVW Advisors LLC acquired a new stake in CMS Energy in the first quarter worth approximately $313,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Down 0.5 %

NYSE CMS opened at $71.76 on Friday. The company has a market capitalization of $21.43 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 1-year low of $53.38 and a 1-year high of $72.40. 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’s fifty day simple moving average is $69.32 and its 200-day simple moving average is $64.08.

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 the consensus estimate of $0.63 by $0.03. The business 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%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. As a group, sell-side analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 2.87%. CMS Energy’s dividend payout ratio is 62.80%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CMS shares. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Wells Fargo & Company lifted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Scotiabank boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Company 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.