10,973 Shares of CMS Energy Corporation $CMS Bought by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. bought a new stake in CMS Energy Corporation (NYSE:CMS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,973 shares of the utilities provider’s stock, valued at approximately $692,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CMS. GQG Partners LLC bought a new position in CMS Energy during the second quarter worth about $363,388,000. Magellan Asset Management Ltd acquired a new position in CMS Energy during the second quarter worth approximately $194,237,000. Legal & General Group Plc bought a new stake in CMS Energy in the second quarter valued at approximately $189,370,000. Hsbc Holdings PLC bought a new stake in CMS Energy in the second quarter valued at approximately $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $58,830,000. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CMS shares. Jefferies Financial Group cut their price objective on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Tuesday, September 15th. BMO Capital Markets boosted their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, October 19th. Wells Fargo & Company dropped their price target on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday. UBS Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $73.00 price target on CMS Energy in a report on Tuesday, October 6th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.35.

CMS Energy Stock Up 0.9%

Shares of CMS opened at $70.12 on Friday. CMS Energy Corporation has a 52 week low of $62.28 and a 52 week high of $80.36. The firm has a market cap of $21.99 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 2.54 and a beta of 0.32. The firm’s 50-day simple moving average is $66.77 and its 200 day simple moving average is $72.53. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.67 and a current ratio of 0.95.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. On average, analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently announced 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 of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio is presently 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.