CMS Energy Co. (NYSE:CMS) Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC decreased its position in CMS Energy Co. (NYSE:CMS) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,316 shares of the utilities provider’s stock after selling 285 shares during the quarter. International Private Wealth Advisors LLC’s holdings in CMS Energy were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMS. JPMorgan Chase & Co. raised its position in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after buying an additional 2,786,071 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in CMS Energy by 101.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after purchasing an additional 3,473,977 shares during the period. iA Global Asset Management Inc. boosted its stake in CMS Energy by 105.9% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in CMS Energy by 46.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after purchasing an additional 421,059 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in CMS Energy by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after purchasing an additional 233,633 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $0.08 during midday trading on Thursday, hitting $67.61. 66,670 shares of the company were exchanged, compared to its average volume of 2,268,193. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market cap of $20.20 billion, a P/E ratio of 19.34, a PEG ratio of 2.71 and a beta of 0.41. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The firm has a 50 day simple moving average of $69.79 and a 200-day simple moving average of $65.14.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.515 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 annualized dividend and a yield of 3.05%. CMS Energy’s payout ratio is presently 58.86%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMS. Morgan Stanley increased their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays raised their price objective 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. KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Finally, Bank of America raised their price objective 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.29.

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.