Atria Investments Inc Raises Stock Holdings in CMS Energy Co. (NYSE:CMS)

Atria Investments Inc lifted its position in shares of CMS Energy Co. (NYSE:CMS) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,534 shares of the utilities provider’s stock after buying an additional 287 shares during the quarter. Atria Investments Inc’s holdings in CMS Energy were worth $1,592,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TruNorth Capital Management LLC lifted its stake in shares of CMS Energy by 431.3% in the 2nd 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 during the period. Headlands Technologies LLC acquired a new position in shares of CMS Energy in the 1st quarter valued at $43,000. Innealta Capital LLC purchased a new position in shares of CMS Energy during the 2nd quarter worth approximately $43,000. Values First Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter valued at about $56,000. Finally, Voisard Asset Management Group Inc. increased its holdings in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares during the period. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS opened at $68.23 on Friday. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The company’s 50 day moving average is $69.77 and its 200-day moving average is $65.16. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. The firm has a market cap of $20.39 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. Sell-side analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.515 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 58.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMS. KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Guggenheim lifted their price objective on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. 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. Finally, Bank of America increased their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.29.

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.