Stiles Financial Services Inc Invests $231,000 in CMS Energy Co. (NYSE:CMS)

Stiles Financial Services Inc bought a new stake in shares of CMS Energy Co. (NYSE:CMS) during the 3rd quarter, Holdings Channel reports. The firm bought 3,271 shares of the utilities provider’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its holdings in CMS Energy by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 35,326 shares of the utilities provider’s stock valued at $2,132,000 after purchasing an additional 397 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in CMS Energy by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 60,851 shares of the utilities provider’s stock worth $3,672,000 after buying an additional 624 shares in the last quarter. Empirical Finance LLC raised its holdings in CMS Energy by 3.5% during the first quarter. Empirical Finance LLC now owns 10,488 shares of the utilities provider’s stock valued at $633,000 after acquiring an additional 354 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of CMS Energy by 11.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 77,315 shares of the utilities provider’s stock valued at $4,665,000 after acquiring an additional 7,816 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of CMS Energy by 159.1% in the first quarter. Quantbot Technologies LP now owns 29,752 shares of the utilities provider’s stock worth $1,795,000 after acquiring an additional 18,267 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMS has been the topic of a number of research analyst reports. Bank of America boosted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Wells Fargo & Company boosted their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on shares of CMS Energy in a research note on Tuesday. They set a “buy” rating and a $76.00 target price for the company. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. Finally, Scotiabank increased their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Stock Performance

NYSE CMS opened at $67.23 on Friday. The business’s 50 day moving average price is $69.82 and its 200-day moving average price is $64.94. CMS Energy Co. has a fifty-two week low of $54.70 and a fifty-two week high of $72.40. The company has a market cap of $20.09 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.72 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23.

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

CMS Energy Increases Dividend

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

About CMS Energy

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.