CMS Energy Co. (NYSE:CMS) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 222.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,539 shares of the utilities provider’s stock after acquiring an additional 165,266 shares during the quarter. Intech Investment Management LLC owned about 0.08% of CMS Energy worth $14,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in shares of CMS Energy in the second quarter valued at $355,000. Beck Bode LLC raised its holdings in shares of CMS Energy by 991.3% in the 2nd quarter. Beck Bode LLC now owns 216,324 shares of the utilities provider’s stock worth $12,878,000 after purchasing an additional 196,501 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in CMS Energy by 1.9% during the second quarter. Elo Mutual Pension Insurance Co now owns 27,040 shares of the utilities provider’s stock valued at $1,610,000 after purchasing an additional 492 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of CMS Energy by 8.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,943 shares of the utilities provider’s stock valued at $1,602,000 after buying an additional 2,001 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of CMS Energy by 12.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,296 shares of the utilities provider’s stock valued at $1,387,000 after acquiring an additional 2,657 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America lifted their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company boosted their price objective on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Guggenheim boosted their price target on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $67.75.

CMS Energy Stock Performance

Shares of NYSE CMS opened at $69.23 on Friday. The company has a market capitalization of $20.67 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. CMS Energy Co. has a one year low of $49.87 and a one year high of $70.74. The business’s 50-day moving average price is $66.07 and its two-hundred day moving average price is $62.18.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s payout ratio is presently 62.80%.

About CMS Energy

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.