B.O.S.S. Retirement Advisors LLC Buys 883 Shares of CMS Energy Co. (NYSE:CMS)

B.O.S.S. Retirement Advisors LLC boosted its stake in CMS Energy Co. (NYSE:CMS) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,399 shares of the utilities provider’s stock after purchasing an additional 883 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in CMS Energy were worth $1,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vontobel Holding Ltd. increased its holdings in CMS Energy by 5.3% in the third quarter. Vontobel Holding Ltd. now owns 4,262 shares of the utilities provider’s stock valued at $301,000 after purchasing an additional 215 shares during the last quarter. Creative Planning increased its holdings in CMS Energy by 1.6% in the third quarter. Creative Planning now owns 33,261 shares of the utilities provider’s stock valued at $2,349,000 after purchasing an additional 524 shares during the last quarter. Viking Fund Management LLC increased its holdings in CMS Energy by 36.4% in the third quarter. Viking Fund Management LLC now owns 60,000 shares of the utilities provider’s stock valued at $4,238,000 after purchasing an additional 16,000 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in CMS Energy by 10.6% in the third quarter. Exchange Traded Concepts LLC now owns 12,056 shares of the utilities provider’s stock valued at $852,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Covea Finance increased its holdings in shares of CMS Energy by 41.9% in the third quarter. Covea Finance now owns 184,300 shares of the utilities provider’s stock worth $13,017,000 after acquiring an additional 54,400 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMS. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $76.00 to $72.00 in a research report on Tuesday. KeyCorp lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Bank of America increased their target price on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.85.

CMS Energy Trading Up 1.2 %

Shares of CMS Energy stock opened at $71.16 on Thursday. The stock has a market cap of $21.25 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.77 and a beta of 0.41. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 12-month low of $52.12 and a 12-month high of $71.57. The business’s 50 day moving average is $68.76 and its 200-day moving average is $63.67.

CMS Energy (NYSE:CMS) last issued 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. Equities research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. CMS Energy’s payout ratio is 62.80%.

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.