CMS Energy Co. (NYSE:CMS) Sees Large Growth in Short Interest

CMS Energy Co. (NYSE:CMS) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 9,500,000 shares, a growth of 6.1% from the August 31st total of 8,950,000 shares. Based on an average daily volume of 2,030,000 shares, the days-to-cover ratio is currently 4.7 days.

Analyst Ratings Changes

Several equities analysts have commented on CMS shares. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Bank of America boosted their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley raised their target price on shares of CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Guggenheim boosted their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets raised their price objective on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.38.

CMS Energy Stock Up 0.6 %

CMS Energy stock opened at $71.05 on Wednesday. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 2.80 and a beta of 0.40. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. CMS Energy has a 12 month low of $49.87 and a 12 month high of $71.48. The stock has a fifty day simple moving average of $67.50 and a two-hundred day simple moving average of $62.83.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. CMS Energy’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. Equities analysts predict that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.87%. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Institutional Investors Weigh In On CMS Energy

Large investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC bought a new position in shares of CMS Energy during the 4th quarter valued at $29,000. Voisard Asset Management Group Inc. purchased a new stake in CMS Energy during the fourth quarter valued at $36,000. TruNorth Capital Management LLC lifted its holdings in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 578 shares during the period. Headlands Technologies LLC purchased a new position in CMS Energy in the first quarter worth about $43,000. Finally, Innealta Capital LLC bought a new stake in shares of CMS Energy during the 2nd quarter valued at about $43,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Company 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.