Venture Visionary Partners LLC Reduces Holdings in CMS Energy Co. (NYSE:CMS)

Venture Visionary Partners LLC lowered its position in CMS Energy Co. (NYSE:CMS) by 9.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,535 shares of the utilities provider’s stock after selling 355 shares during the period. Venture Visionary Partners LLC’s holdings in CMS Energy were worth $250,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in CMS. Whittier Trust Co. grew its position in shares of CMS Energy by 3.1% in the third quarter. Whittier Trust Co. now owns 9,532 shares of the utilities provider’s stock valued at $673,000 after purchasing an additional 283 shares in the last quarter. Stephens Consulting LLC grew its holdings in CMS Energy by 9.1% during the 3rd quarter. Stephens Consulting LLC now owns 4,102 shares of the utilities provider’s stock valued at $290,000 after buying an additional 343 shares in the last quarter. Raymond James & Associates increased its position in shares of CMS Energy by 310.2% during the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after buying an additional 851,364 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of CMS Energy by 1.5% in the third quarter. First Citizens Bank & Trust Co. now owns 60,697 shares of the utilities provider’s stock worth $4,287,000 after buying an additional 883 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of CMS Energy by 32.7% in the third quarter. Blue Trust Inc. now owns 6,140 shares of the utilities provider’s stock valued at $434,000 after acquiring an additional 1,514 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 1.5 %

Shares of NYSE CMS opened at $72.10 on Thursday. The firm’s fifty day moving average is $69.32 and its 200 day moving average is $64.08. CMS Energy Co. has a 52 week low of $52.99 and a 52 week high of $72.12. 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 cap of $21.53 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.77 and a beta of 0.41.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. CMS Energy’s dividend payout ratio is presently 62.80%.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Barclays lifted their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America upped their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Company 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.