Veriti Management LLC lifted its position in shares of CMS Energy Co. (NYSE:CMS – Get Rating) by 24.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,633 shares of the utilities provider's stock after acquiring an additional 2,457 shares during the period. Veriti Management LLC's holdings in CMS Energy were worth $853,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in CMS. Quent Capital LLC acquired a new stake in CMS Energy in the fourth quarter worth $38,000. AGF Investments LLC acquired a new stake in CMS Energy in the first quarter worth $39,000. J.W. Cole Advisors Inc. acquired a new stake in CMS Energy in the first quarter worth $50,000. AdvisorNet Financial Inc increased its position in CMS Energy by 48.9% in the second quarter. AdvisorNet Financial Inc now owns 886 shares of the utilities provider's stock worth $60,000 after buying an additional 291 shares during the period. Finally, Cranbrook Wealth Management LLC acquired a new stake in CMS Energy in the first quarter worth $61,000. 92.62% of the stock is owned by institutional investors and hedge funds.
Get CMS Energy alerts:Analyst Upgrades and Downgrades
CMS has been the topic of several analyst reports. BMO Capital Markets dropped their target price on CMS Energy from $80.00 to $71.00 and set an "outperform" rating on the stock in a research report on Monday, June 27th. Morgan Stanley lowered their price target on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Thursday, September 22nd. Mizuho lowered their price target on CMS Energy from $74.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Finally, Barclays lowered their price target on CMS Energy from $76.00 to $72.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $70.80.
CMS Energy Trading Down 2.7 %
NYSE:CMS opened at $63.52 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 1.62. CMS Energy Co. has a 1-year low of $58.51 and a 1-year high of $73.76. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 2.73 and a beta of 0.28. The stock has a fifty day simple moving average of $68.00 and a 200 day simple moving average of $68.31.CMS Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Tuesday, September 6th will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Friday, September 2nd. This is a positive change from CMS Energy's previous quarterly dividend of $0.46. This represents a $18.00 dividend on an annualized basis and a yield of 28.34%. CMS Energy's dividend payout ratio (DPR) is presently 40.44%.
CMS Energy Profile
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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.
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