Blue Trust Inc. Has $434,000 Position in CMS Energy Co. (NYSE:CMS)

Blue Trust Inc. raised its position in CMS Energy Co. (NYSE:CMS) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,140 shares of the utilities provider’s stock after purchasing an additional 1,514 shares during the period. Blue Trust Inc.’s holdings in CMS Energy were worth $434,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC raised its stake in CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares during the period. Headlands Technologies LLC bought a new stake in shares of CMS Energy in the first quarter worth about $43,000. Innealta Capital LLC acquired a new stake in shares of CMS Energy during the second quarter worth about $43,000. DT Investment Partners LLC lifted its holdings in shares of CMS Energy by 594.5% during the 2nd quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 862 shares in the last quarter. Finally, Tobam grew its position in shares of CMS Energy by 31.7% in the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Down 0.2 %

Shares of CMS stock opened at $71.03 on Wednesday. The stock has a market cap of $21.21 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a 1 year low of $52.12 and a 1 year high of $71.57. 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 stock has a 50 day simple moving average of $69.20 and a 200 day simple moving average of $64.02.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a yield of 2.90%. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio (DPR) is currently 62.80%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America raised their target price on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. BMO Capital Markets lifted their target price on shares of CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.