Elevated Capital Advisors LLC Trims Stock Holdings in CMS Energy Co. (NYSE:CMS)

Elevated Capital Advisors LLC decreased its stake in CMS Energy Co. (NYSE:CMS) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,631 shares of the utilities provider’s stock after selling 314 shares during the quarter. Elevated Capital Advisors LLC’s holdings in CMS Energy were worth $892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TruNorth Capital Management LLC increased its position in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares in the last quarter. Headlands Technologies LLC purchased a new stake in CMS Energy in the first quarter worth about $43,000. Innealta Capital LLC purchased a new stake in CMS Energy in the second quarter worth about $43,000. Tobam increased its position in CMS Energy by 31.7% in the third quarter. Tobam now owns 868 shares of the utilities provider’s stock worth $61,000 after buying an additional 209 shares in the last quarter. Finally, DT Investment Partners LLC grew its position in shares of CMS Energy by 594.5% during the second quarter. DT Investment Partners LLC now owns 1,007 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 862 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

NYSE:CMS opened at $71.03 on Wednesday. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 21.66, a PEG 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 business has a 50 day simple moving average of $69.20 and a 200-day simple moving average of $64.02. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 0.87.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.61 billion during 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 company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. Equities analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

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

Analysts Set New Price Targets

CMS has been the subject of several research analyst reports. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. BMO Capital Markets increased their target price on CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy currently has an average rating of “Moderate Buy” and an average price target of $69.85.

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.