CMS Energy Corporation $CMS Stock: Keybank National Association OH Increases Holdings

Keybank National Association OH raised its stake in CMS Energy Corporation (NYSE:CMS) by 32.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,806 shares of the utilities provider’s stock after purchasing an additional 60,350 shares during the quarter. Keybank National Association OH’s holdings in CMS Energy were worth $15,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. VestGen Advisors LLC lifted its stake in shares of CMS Energy by 4.9% during the third quarter. VestGen Advisors LLC now owns 3,653 shares of the utilities provider’s stock worth $230,000 after purchasing an additional 170 shares in the last quarter. Lido Advisors LLC grew its stake in shares of CMS Energy by 1.0% in the first quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider’s stock valued at $1,406,000 after buying an additional 174 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of CMS Energy by 0.7% in the first quarter. NewEdge Advisors LLC now owns 26,328 shares of the utilities provider’s stock valued at $2,043,000 after buying an additional 174 shares in the last quarter. Kera Capital Partners Inc. grew its stake in shares of CMS Energy by 5.5% in the first quarter. Kera Capital Partners Inc. now owns 3,934 shares of the utilities provider’s stock valued at $305,000 after buying an additional 206 shares in the last quarter. Finally, Avion Wealth raised its holdings in shares of CMS Energy by 139.3% during the 3rd quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock valued at $25,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley reduced their price target on CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Jefferies Financial Group decreased their price target on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a report on Tuesday, September 15th. Capital One Financial set a $73.00 price objective on shares of CMS Energy in a research report on Tuesday, October 6th. Wells Fargo & Company lowered their price objective on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 28th. Finally, HSBC initiated coverage on shares of CMS Energy in a research note on Thursday, October 22nd. They set a “hold” rating and a $69.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.35.

CMS Energy Stock Performance

Shares of CMS stock opened at $69.57 on Thursday. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month 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 firm has a market capitalization of $21.82 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.55 and a beta of 0.31. The company’s fifty day moving average price is $67.03 and its two-hundred day moving average price is $72.48.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The company had revenue of $2.18 billion during 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 firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. On average, research analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

CMS Energy Company Profile

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.