Zions Bancorporation N.A. Purchases 1,192 Shares of CMS Energy Co. (NYSE:CMS)

Zions Bancorporation N.A. lifted its position in CMS Energy Co. (NYSE:CMS) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,931 shares of the utilities provider’s stock after buying an additional 1,192 shares during the period. Zions Bancorporation N.A.’s holdings in CMS Energy were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of CMS Energy by 2.5% in the 3rd quarter. Huntington National Bank now owns 11,650 shares of the utilities provider’s stock worth $823,000 after purchasing an additional 280 shares in the last quarter. Carrera Capital Advisors bought a new stake in CMS Energy in the 3rd quarter worth about $358,000. Sumitomo Mitsui Trust Group Inc. raised its position in CMS Energy by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 722,688 shares of the utilities provider’s stock worth $51,043,000 after buying an additional 9,614 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of CMS Energy during the 3rd quarter valued at about $357,000. Finally, Covestor Ltd grew its stake in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

CMS has been the topic of several research reports. Guggenheim raised their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Morgan Stanley lifted their price objective on CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their target price on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. BMO Capital Markets cut their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Bank of America increased their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy Trading Up 1.2 %

CMS Energy stock opened at $68.23 on Friday. 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’s 50 day moving average price is $69.77 and its 200-day moving average price is $65.16. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40. The stock has a market cap of $20.39 billion, a P/E ratio of 19.49, a PEG ratio of 2.70 and a beta of 0.41.

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

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is 58.86%.

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.