CMS Energy Co. (NYSE:CMS) Holdings Lowered by Foster & Motley Inc.

Foster & Motley Inc. trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,270 shares of the utilities provider’s stock after selling 182 shares during the quarter. Foster & Motley Inc.’s holdings in CMS Energy were worth $655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMS. TruNorth Capital Management LLC increased its position in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 578 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of CMS Energy during the 1st quarter worth $43,000. Innealta Capital LLC bought a new stake in CMS Energy during the second quarter valued at about $43,000. Values First Advisors Inc. acquired a new stake in CMS Energy in the 3rd quarter valued at approximately $56,000. Finally, Voisard Asset Management Group Inc. grew its stake in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS opened at $66.36 on Friday. The firm has a fifty day simple moving average of $69.86 and a 200 day simple moving average of $64.87. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a 12 month low of $54.27 and a 12 month high of $72.40. The stock has a market capitalization of $19.83 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.72 and a beta of 0.41.

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

CMS Energy Increases Dividend

The business 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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.10%. 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 payout ratio is 58.86%.

Wall Street Analysts Forecast Growth

CMS has been the subject of several recent research reports. Wells Fargo & Company upped their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on CMS Energy in a report on Tuesday. They issued a “buy” rating and a $76.00 target price on the stock. Barclays increased their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Evercore ISI upgraded CMS Energy to a “hold” rating in a report on Friday, July 26th. Finally, Scotiabank raised their price target on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price 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.