14,175 Shares of CMS Energy Corporation $CMS Bought by StoneX Group Inc.

StoneX Group Inc. bought a new position in CMS Energy Corporation (NYSE:CMS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,175 shares of the utilities provider’s stock, valued at approximately $894,000.

A number of other large investors also recently modified their holdings of CMS. Pictet Asset Management Holding SA increased its holdings in shares of CMS Energy by 5.2% in the third quarter. Pictet Asset Management Holding SA now owns 4,490,347 shares of the utilities provider’s stock valued at $283,251,000 after purchasing an additional 221,813 shares in the last quarter. Parallel Advisors LLC lifted its holdings in CMS Energy by 50.5% during the 3rd quarter. Parallel Advisors LLC now owns 5,412 shares of the utilities provider’s stock worth $341,000 after buying an additional 1,817 shares in the last quarter. Alps Advisors Inc. boosted its position in CMS Energy by 161.0% in the 3rd quarter. Alps Advisors Inc. now owns 99,914 shares of the utilities provider’s stock valued at $6,303,000 after buying an additional 61,632 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in shares of CMS Energy by 498.3% during the third quarter. Argonautica Private Wealth Management Inc. now owns 31,036 shares of the utilities provider’s stock worth $1,958,000 after acquiring an additional 25,849 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of CMS Energy by 269.6% during the third quarter. Kestra Advisory Services LLC now owns 130,957 shares of the utilities provider’s stock valued at $8,261,000 after acquiring an additional 95,522 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Up 0.3%

NYSE:CMS opened at $69.73 on Wednesday. CMS Energy Corporation has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.95 and a quick ratio of 0.67. The stock has a market capitalization of $21.87 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. The business’s 50-day simple moving average is $66.99 and its 200-day simple moving average is $72.49.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.23 billion. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. CMS Energy’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. Sell-side analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 6th. CMS Energy’s dividend payout ratio is 81.43%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMS. Jefferies Financial Group decreased their price target on CMS Energy from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Tuesday, September 15th. Scotiabank reaffirmed a “sector outperform” rating and issued a $78.00 price target on shares of CMS Energy in a research note on Thursday, October 1st. Barclays cut their target price 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. Wells Fargo & Company reduced their price target on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 28th. Finally, Truist Financial decreased their price target on shares of CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CMS Energy has a consensus rating of “Hold” and an average price target of $77.35.

About CMS Energy

CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan’s Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula. Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region’s energy needs.