Assetmark Inc. Buys 4,562 Shares of CMS Energy Co. (NYSE:CMS)

Assetmark Inc. grew its stake in CMS Energy Co. (NYSE:CMS) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,176 shares of the utilities provider’s stock after acquiring an additional 4,562 shares during the period. Assetmark Inc.’s holdings in CMS Energy were worth $5,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in 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 buying an additional 50,614 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of CMS Energy by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after acquiring an additional 49,630 shares during the period. Assenagon Asset Management S.A. boosted its holdings in CMS Energy by 79.9% in the second quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider’s stock valued at $43,569,000 after acquiring an additional 325,101 shares during the last quarter. Bayesian Capital Management LP increased its position in CMS Energy by 402.6% in the first quarter. Bayesian Capital Management LP now owns 19,600 shares of the utilities provider’s stock worth $1,183,000 after purchasing an additional 15,700 shares during the period. Finally, Cetera Investment Advisers raised its holdings in CMS Energy by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock worth $1,582,000 after purchasing an additional 20,056 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Stock Up 2.0 %

CMS Energy stock opened at $68.62 on Tuesday. The company has a 50 day moving average of $69.82 and a 200-day moving average of $65.00. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a twelve month low of $54.99 and a twelve month high of $72.40. The stock has a market capitalization of $20.50 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.41.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that CMS Energy Co. will post 3.33 EPS 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. Investors of record on Wednesday, November 13th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com cut shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Barclays raised their price target on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Finally, Morgan Stanley raised their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $70.29.

CMS Energy 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.