Sumitomo Mitsui DS Asset Management Company Ltd Buys 5,233 Shares of CMS Energy Co. (NYSE:CMS)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in CMS Energy Co. (NYSE:CMS) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,613 shares of the utilities provider’s stock after purchasing an additional 5,233 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CMS Energy were worth $3,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after buying an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA increased 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 valued at $410,223,000 after purchasing an additional 3,473,977 shares during the period. iA Global Asset Management Inc. raised its stake in shares of CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in CMS Energy by 46.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock worth $79,275,000 after purchasing an additional 421,059 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after buying an additional 233,633 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Price Performance

CMS opened at $71.29 on Monday. 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 stock has a market capitalization of $21.29 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The company’s 50 day simple moving average is $68.99 and its 200-day simple moving average is $63.85. CMS Energy Co. has a one year low of $52.12 and a one year high of $71.57.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. Sell-side analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMS shares. Scotiabank raised their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America lifted their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company increased their target price on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI raised CMS Energy to a “hold” rating in a research note on Friday, July 26th. Finally, Barclays lifted their price objective on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Seven 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, the company has an average rating of “Moderate Buy” and a consensus price target of $69.85.

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.