Federated Hermes Inc. Has $193,000 Stock Holdings in CMS Energy Co. (NYSE:CMS)

Federated Hermes Inc. increased its position in CMS Energy Co. (NYSE:CMS) by 201.7% in the second quarter, Holdings Channel.com reports. The firm owned 3,234 shares of the utilities provider’s stock after acquiring an additional 2,162 shares during the period. Federated Hermes Inc.’s holdings in CMS Energy were worth $193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth approximately $29,000. Voisard Asset Management Group Inc. bought a new position in CMS Energy in the fourth quarter valued at approximately $36,000. TruNorth Capital Management LLC grew its holdings in 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 acquiring an additional 578 shares during the period. Headlands Technologies LLC acquired a new stake in CMS Energy during the 1st quarter worth $43,000. Finally, Innealta Capital LLC bought a new stake in shares of CMS Energy during the 2nd quarter valued at $43,000. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America lifted their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of CMS Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Finally, KeyCorp upped their target price on shares of CMS Energy from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus price target of $67.75.

CMS Energy Trading Down 0.3 %

CMS opened at $70.08 on Wednesday. The firm’s fifty day simple moving average is $66.62 and its 200 day simple moving average is $62.43. The stock has a market capitalization of $20.93 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.75 and a beta of 0.40. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $70.95.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. CMS Energy’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CMS Energy’s dividend payout ratio is currently 62.80%.

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.