Covestor Ltd Has $50,000 Stock Position in CMS Energy Co. (NYSE:CMS)

Covestor Ltd increased its holdings in CMS Energy Co. (NYSE:CMS) by 206.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 701 shares of the utilities provider’s stock after acquiring an additional 472 shares during the period. Covestor Ltd’s holdings in CMS Energy were worth $50,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CMS. 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 1st quarter valued at $43,000. Innealta Capital LLC bought a new position in CMS Energy during the 2nd quarter valued at $43,000. Values First Advisors Inc. purchased a new position in CMS Energy during the 3rd quarter worth $56,000. Finally, Voisard Asset Management Group Inc. grew its stake in shares of CMS Energy by 25.7% in the 3rd 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 in the last quarter. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Down 0.4 %

CMS opened at $67.40 on Friday. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The company has a market cap of $20.14 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.41. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average of $69.79 and a 200 day moving average of $65.14.

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

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. CMS Energy’s dividend payout ratio is presently 58.86%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Morgan Stanley upped their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Guggenheim lifted their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays boosted their price objective on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, KeyCorp raised their target price on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy 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.