ING Groep NV Has $2.82 Million Stake in CMS Energy Co. (NYSE:CMS)

ING Groep NV cut its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,952 shares of the utilities provider’s stock after selling 233 shares during the quarter. ING Groep NV’s holdings in CMS Energy were worth $2,822,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC raised its position in shares of CMS Energy by 431.3% during the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 578 shares during the last quarter. Headlands Technologies LLC bought a new position in CMS Energy during the 1st quarter worth approximately $43,000. Innealta Capital LLC bought a new stake in shares of CMS Energy in the 2nd quarter valued at $43,000. Covestor Ltd raised its stake in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares during the last quarter. Finally, Values First Advisors Inc. bought a new stake in CMS Energy during the third quarter valued at $56,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays lifted their target price on CMS Energy from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Guggenheim increased 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. Scotiabank lifted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company increased their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Trading Up 1.2 %

CMS opened at $68.23 on Friday. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The firm has a market capitalization of $20.39 billion, a PE ratio of 19.49, a P/E/G ratio of 2.70 and a beta of 0.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The company’s 50-day moving average is $69.78 and its 200 day moving average is $65.21.

CMS Energy (NYSE:CMS) last posted its earnings results 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. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. CMS Energy’s dividend payout ratio 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.