J.W. Cole Advisors Inc. purchased a new stake in shares of CMS Energy Co. (NYSE:CMS – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,566 shares of the utilities provider's stock, valued at approximately $50,000.
Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of CMS Energy during the fourth quarter valued at $38,000. AGF Investments LLC purchased a new position in shares of CMS Energy during the first quarter valued at $39,000. Cranbrook Wealth Management LLC purchased a new position in shares of CMS Energy during the first quarter valued at $61,000. Cambridge Trust Co. increased its stake in shares of CMS Energy by 334.1% during the first quarter. Cambridge Trust Co. now owns 890 shares of the utilities provider's stock valued at $62,000 after buying an additional 685 shares during the period. Finally, SouthState Corp increased its stake in shares of CMS Energy by 4,545.5% during the first quarter. SouthState Corp now owns 1,022 shares of the utilities provider's stock valued at $71,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 92.62% of the company's stock.
Get CMS Energy alerts:CMS Energy Price Performance
Shares of NYSE CMS opened at $65.26 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.65 and a current ratio of 1.00. The company has a market cap of $18.94 billion, a PE ratio of 14.34, a P/E/G ratio of 2.76 and a beta of 0.28. The business has a 50-day simple moving average of $68.03 and a two-hundred day simple moving average of $68.29. CMS Energy Co. has a fifty-two week low of $58.51 and a fifty-two week high of $73.76.
CMS Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Tuesday, September 6th will be issued a dividend of $4.50 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 27.58%. CMS Energy's payout ratio is 40.44%.Wall Street Analyst Weigh In
CMS has been the topic of several analyst reports. Morgan Stanley cut their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Thursday. BMO Capital Markets cut their target price on CMS Energy from $80.00 to $71.00 and set an "outperform" rating on the stock in a research note on Monday, June 27th. Barclays cut their target price on CMS Energy from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Finally, Mizuho cut their target price on CMS Energy from $74.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $70.80.
About CMS Energy
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on CMS Energy (CMS)
- MarketBeat: Week in Review 9/19 – 9/23
- Why Does Tesla Stock Remain Resilient?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
- 2 Semiconductor Stocks To Watch For Reversals
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS – Get Rating).
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.