CMS Energy Corporation $CMS Stock: Aberdeen Group plc Raises Holdings

Aberdeen Group plc increased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 34.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,120,122 shares of the utilities provider’s stock after purchasing an additional 288,447 shares during the period. Aberdeen Group plc owned 0.36% of CMS Energy worth $70,657,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CMS. Avion Wealth lifted its position in shares of CMS Energy by 139.3% in the third quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock valued at $25,000 after buying an additional 227 shares during the last quarter. Kilter Group LLC bought a new position in shares of CMS Energy during the 2nd quarter worth approximately $26,000. Independence Bank of Kentucky acquired a new position in shares of CMS Energy during the 3rd quarter worth approximately $27,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of CMS Energy during the 3rd quarter worth approximately $30,000. Finally, Scarborough Advisors LLC acquired a new position in shares of CMS Energy during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of CMS traded up $1.09 during trading hours on Friday, hitting $70.31. 3,185,751 shares of the company were exchanged, compared to its average volume of 4,265,800. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88. CMS Energy Corporation has a fifty-two week low of $62.28 and a fifty-two week high of $80.36. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.53 and a beta of 0.31. The firm’s fifty day moving average is $67.09 and its 200 day moving average is $72.46.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. CMS Energy’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 6th. CMS Energy’s dividend payout ratio is 81.43%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CMS shares. Wells Fargo & Company cut their price target on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Weiss Ratings downgraded shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Jefferies Financial Group dropped their price objective on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Tuesday, September 15th. Finally, Morgan Stanley dropped their price objective on shares of CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.35.

About CMS Energy

CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan’s Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula. Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region’s energy needs.