23,425 CMS Energy Corporation $CMS Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its position in CMS Energy Corporation (NYSE:CMS) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 547,734 shares of the utilities provider’s stock after selling 23,425 shares during the period. Miller Howard Investments Inc. NY’s holdings in CMS Energy were worth $34,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC boosted its stake in shares of CMS Energy by 211.4% in the third quarter. Apollon Wealth Management LLC now owns 28,516 shares of the utilities provider’s stock valued at $1,799,000 after buying an additional 19,359 shares in the last quarter. Signaturefd LLC grew its holdings in CMS Energy by 227.9% during the third quarter. Signaturefd LLC now owns 24,738 shares of the utilities provider’s stock worth $1,560,000 after acquiring an additional 17,194 shares during the period. Citizens Financial Group Inc. RI raised its position in CMS Energy by 120.9% in the third quarter. Citizens Financial Group Inc. RI now owns 11,949 shares of the utilities provider’s stock worth $754,000 after acquiring an additional 6,540 shares in the last quarter. Sowell Financial Services LLC raised its position in CMS Energy by 484.9% in the third quarter. Sowell Financial Services LLC now owns 24,652 shares of the utilities provider’s stock worth $1,555,000 after acquiring an additional 20,437 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in CMS Energy by 908.6% in the third quarter. Evergreen Capital Management LLC now owns 26,708 shares of the utilities provider’s stock valued at $1,685,000 after acquiring an additional 24,060 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial decreased their target price on shares of CMS Energy from $81.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. Wall Street Zen raised shares of CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Barclays decreased their price objective on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Capital One Financial set a $73.00 target price on shares of CMS Energy in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Hold” and a consensus price target of $77.76.

CMS Energy Stock Performance

Shares of CMS stock opened at $69.67 on Tuesday. The stock has a fifty day moving average price of $66.93 and a 200 day moving average price of $72.54. The stock has a market cap of $21.85 billion, a PE ratio of 20.92, a P/E/G ratio of 2.54 and a beta of 0.32. CMS Energy Corporation has a 1 year low of $62.28 and a 1 year high of $80.36. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. CMS Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Sell-side analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be given a $0.57 dividend. The ex-dividend date is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 68.47%.

CMS Energy Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.