Xponance Inc. Acquires 760 Shares of CMS Energy Co. (NYSE:CMS)

Xponance Inc. lifted its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 40,675 shares of the utilities provider’s stock after purchasing an additional 760 shares during the period. Xponance Inc.’s holdings in CMS Energy were worth $2,421,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after acquiring an additional 2,786,071 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after purchasing an additional 3,473,977 shares in the last quarter. Capital International Investors grew its stake in shares of CMS Energy by 24.8% during the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after purchasing an additional 1,234,791 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of CMS Energy by 1.2% in the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock valued at $324,817,000 after purchasing an additional 65,966 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in CMS Energy by 320.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after purchasing an additional 3,282,697 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of recent research reports. Bank of America increased their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Scotiabank upped their target price on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Morgan Stanley lifted their price target on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average price target of $68.17.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $69.95 on Friday. The stock’s fifty day simple moving average is $66.77 and its 200 day simple moving average is $62.48. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $20.89 billion, a PE ratio of 21.33, a PEG ratio of 2.80 and a beta of 0.40. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $70.95.

CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. On average, research analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 annualized dividend and a yield of 2.92%. CMS Energy’s dividend payout ratio is currently 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.