Carrera Capital Advisors Takes Position in CMS Energy Co. (NYSE:CMS)

Carrera Capital Advisors bought a new position in CMS Energy Co. (NYSE:CMS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,074 shares of the utilities provider’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC raised its stake in shares of 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 purchasing an additional 578 shares during the last quarter. Headlands Technologies LLC purchased a new stake in CMS Energy in the first quarter valued at $43,000. Innealta Capital LLC acquired a new stake in CMS Energy during the 2nd quarter worth about $43,000. Covestor Ltd grew its position in CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. Finally, Values First Advisors Inc. purchased a new position in shares of CMS Energy during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. KeyCorp raised their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Bank of America raised 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. Jefferies Financial Group assumed coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price for the company. StockNews.com lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, CMS Energy has a consensus rating of “Moderate Buy” and an average target price of $70.29.

CMS Energy Price Performance

Shares of NYSE:CMS traded down $0.28 during trading on Tuesday, reaching $68.32. The stock had a trading volume of 474,092 shares, compared to its average volume of 2,271,653. The business has a fifty day moving average price of $69.83 and a 200-day moving average price of $65.06. CMS Energy Co. has a 1-year low of $54.99 and a 1-year high of $72.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a market cap of $20.41 billion, a PE ratio of 19.61, a PEG ratio of 2.67 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its earnings results 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 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 analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is currently 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.