20,770 Shares in CMS Energy Co. (NYSE:CMS) Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new stake in shares of CMS Energy Co. (NYSE:CMS) in the second quarter, Holdings Channel.com reports. The firm purchased 20,770 shares of the utilities provider’s stock, valued at approximately $1,236,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 in the last quarter. JPMorgan Chase & Co. increased its stake in CMS Energy by 14.0% in the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after buying an additional 2,786,071 shares during the last quarter. Capital International Investors lifted its position in shares of CMS Energy by 24.8% during the 4th quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after buying an additional 1,234,791 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after buying an additional 800,344 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

CMS Energy Price Performance

CMS Energy stock opened at $70.60 on Tuesday. The firm has a market capitalization of $21.08 billion, a P/E ratio of 21.52, a PEG ratio of 2.80 and a beta of 0.40. CMS Energy Co. has a one year low of $49.87 and a one year high of $71.02. 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 business has a fifty day moving average price of $67.31 and a 200-day moving average price of $62.74.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS 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 business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim increased their price target on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. BMO Capital Markets increased their price target on shares of CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday. Bank of America lifted 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, Barclays raised their price target on shares of CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.83.

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.