CMS Energy Co. (NYSE:CMS) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its stake in shares of CMS Energy Co. (NYSE:CMS) by 17.4% during the 3rd quarter, Holdings Channel reports. The fund owned 82,051 shares of the utilities provider’s stock after selling 17,301 shares during the quarter. IFM Investors Pty Ltd’s holdings in CMS Energy were worth $5,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC grew its holdings in CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 578 shares during the period. Headlands Technologies LLC acquired a new stake in CMS Energy during the first quarter worth about $43,000. Innealta Capital LLC acquired a new stake in CMS Energy during the second quarter worth about $43,000. DT Investment Partners LLC grew its holdings in CMS Energy by 594.5% in the second quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 862 shares during the period. Finally, Tobam grew its holdings in CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

NYSE:CMS opened at $70.77 on Friday. CMS Energy Co. has a 52 week low of $53.53 and a 52 week high of $72.40. 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 company has a market capitalization of $21.13 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.77 and a beta of 0.41. The stock’s fifty day moving average is $69.43 and its two-hundred day moving average is $64.13.

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

CMS Energy Increases Dividend

The company 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. The ex-dividend date is Wednesday, November 13th. This is a boost 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 2.91%. CMS Energy’s payout ratio is presently 62.80%.

Analyst Ratings Changes

Several analysts have commented on the company. Scotiabank raised their price objective on CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Barclays raised their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their price objective on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Bank of America raised their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Morgan Stanley raised their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy 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.