CMS Energy Co. (NYSE:CMS) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its position in shares of CMS Energy Co. (NYSE:CMS) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,755 shares of the utilities provider’s stock after acquiring an additional 27,525 shares during the quarter. AQR Capital Management LLC’s holdings in CMS Energy were worth $9,205,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in CMS Energy by 60.0% in the second quarter. Toronto Dominion Bank now owns 151,661 shares of the utilities provider’s stock worth $9,028,000 after purchasing an additional 56,884 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of CMS Energy by 64.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 57,181 shares of the utilities provider’s stock worth $3,404,000 after purchasing an additional 22,347 shares in the last quarter. Xponance Inc. grew its holdings in shares of CMS Energy by 1.9% during the 2nd quarter. Xponance Inc. now owns 40,675 shares of the utilities provider’s stock valued at $2,421,000 after acquiring an additional 760 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of CMS Energy by 53.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 50,685 shares of the utilities provider’s stock valued at $3,017,000 after buying an additional 17,642 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its position in CMS Energy by 11,016.2% in the second quarter. Frank Rimerman Advisors LLC now owns 4,113 shares of the utilities provider’s stock worth $245,000 after acquiring an additional 4,076 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

Shares of NYSE CMS opened at $71.25 on Thursday. 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 firm has a market capitalization of $21.28 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.80 and a beta of 0.40. The firm’s 50-day moving average price is $67.67 and its 200-day moving average price is $62.89. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $71.48.

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 analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. CMS Energy’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

Analyst Ratings Changes

CMS has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America upped their target price on shares of 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 research note on Friday, July 26th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $69.38.

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.