Virtu Financial LLC Acquires New Holdings in CMS Energy Co. (NYSE:CMS)

Virtu Financial LLC bought a new position in shares of CMS Energy Co. (NYSE:CMS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,558 shares of the utilities provider’s stock, valued at approximately $926,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lazard Asset Management LLC lifted its stake in shares of CMS Energy by 48,203.8% during the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock worth $3,059,000 after purchasing an additional 50,614 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CMS Energy by 16.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after buying an additional 49,630 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of CMS Energy by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after acquiring an additional 18,636 shares in the last quarter. Hsbc Holdings PLC lifted its position in CMS Energy by 132.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock valued at $62,100,000 after acquiring an additional 611,282 shares during the last quarter. Finally, Duality Advisers LP boosted its stake in CMS Energy by 1,854.4% in the first quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock valued at $6,890,000 after acquiring an additional 108,350 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore ISI raised CMS Energy to a “hold” rating in a research report on Friday, July 26th. KeyCorp increased their price target on CMS Energy from $68.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday. Guggenheim boosted their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays increased their price objective on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 13th. Finally, Scotiabank boosted their target price on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.75.

CMS Energy Price Performance

NYSE:CMS opened at $70.00 on Thursday. The firm’s fifty day moving average is $65.90 and its two-hundred day moving average is $62.13. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.75 and a beta of 0.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. CMS Energy Co. has a one year low of $49.87 and a one year high of $70.74.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.61 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. Research analysts expect 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 paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, August 2nd. 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.