Advisory Alpha LLC Has $394,000 Stake in CMS Energy Co. (NYSE:CMS)

Advisory Alpha LLC raised its position in shares of CMS Energy Co. (NYSE:CMS) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,619 shares of the utilities provider’s stock after acquiring an additional 878 shares during the period. Advisory Alpha LLC’s holdings in CMS Energy were worth $394,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth approximately $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $36,000. TruNorth Capital Management LLC increased its holdings in shares of CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $43,000. Finally, Innealta Capital LLC acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE CMS opened at $71.05 on Wednesday. The firm has a market cap of $21.22 billion, a PE ratio of 21.66, a PEG ratio of 2.80 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 1-year low of $49.87 and a 1-year high of $71.48. The company has a fifty day moving average price of $67.50 and a 200 day moving average price of $62.83.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. 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 business earned $0.75 EPS. Research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Friday, August 2nd. CMS Energy’s payout ratio is presently 62.80%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMS. BMO Capital Markets raised their price target on shares of CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday. Guggenheim raised their price objective on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Barclays raised 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 note on Tuesday, August 13th. Mizuho raised their price objective on shares of CMS Energy from $65.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a research note on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.38.

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.