CMS Energy Corporation $CMS Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 269.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,957 shares of the utilities provider’s stock after buying an additional 95,522 shares during the quarter. Kestra Advisory Services LLC’s holdings in CMS Energy were worth $8,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC acquired a new stake in CMS Energy during the second quarter valued at approximately $363,388,000. Magellan Asset Management Ltd bought a new stake in CMS Energy during the second quarter valued at $194,237,000. Legal & General Group Plc acquired a new stake in shares of CMS Energy during the second quarter worth $189,370,000. Hsbc Holdings PLC acquired a new position in shares of CMS Energy in the 2nd quarter valued at about $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CMS Energy during the 2nd quarter valued at about $58,830,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research analyst reports. Weiss Ratings downgraded shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Wells Fargo & Company lowered their price objective on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 28th. Capital One Financial set a $73.00 target price on shares of CMS Energy in a report on Tuesday, October 6th. Scotiabank reiterated a “sector outperform” rating and issued a $78.00 price target on shares of CMS Energy in a research report on Thursday, October 1st. Finally, Barclays decreased their price objective on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, CMS Energy presently has an average rating of “Hold” and a consensus target price of $77.35.

CMS Energy Trading Up 0.3%

Shares of CMS Energy stock opened at $69.73 on Wednesday. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.54 and a beta of 0.31. CMS Energy Corporation has a 1 year low of $62.28 and a 1 year high of $80.36. The company’s fifty day simple moving average is $66.99 and its 200-day simple moving average is $72.49. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 1.88.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.23 billion. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. As a group, sell-side analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 6th. CMS Energy’s dividend payout ratio (DPR) is presently 81.43%.

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.