CMS Energy Co. (NYSE:CMS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of CMS Energy Co. (NYSE:CMS) by 2.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 37,659 shares of the utilities provider’s stock after selling 945 shares during the period. Mutual of America Capital Management LLC’s holdings in CMS Energy were worth $2,242,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new position in shares of CMS Energy during the 4th quarter worth $29,000. Voisard Asset Management Group Inc. purchased a new position in shares of CMS Energy during the 4th quarter worth $36,000. TruNorth Capital Management LLC lifted its stake in shares of CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the period. Headlands Technologies LLC purchased a new position in shares of CMS Energy during the 1st quarter worth $43,000. Finally, Innealta Capital LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth $43,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays increased their price target on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 13th. Morgan Stanley increased their target price on CMS Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America increased their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.75.

CMS Energy Stock Down 0.3 %

Shares of CMS Energy stock opened at $70.08 on Wednesday. The business has a 50-day moving average of $66.62 and a 200-day moving average of $62.43. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of $20.93 billion, a PE ratio of 21.37, a P/E/G ratio of 2.75 and a beta of 0.40. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $70.95.

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

CMS Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a $0.51 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. CMS Energy’s dividend payout ratio (DPR) is 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.