7,977 Shares in CMS Energy Corporation $CMS Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new stake in shares of CMS Energy Corporation (NYSE:CMS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,977 shares of the utilities provider’s stock, valued at approximately $503,000.

Several other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC purchased a new position in CMS Energy in the second quarter worth approximately $363,388,000. Magellan Asset Management Ltd purchased a new stake in CMS Energy in the second quarter valued at $194,237,000. Legal & General Group Plc purchased a new stake in CMS Energy in the second quarter valued at $189,370,000. Dimensional Fund Advisors LP raised its position in CMS Energy by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock valued at $122,657,000 after purchasing an additional 50,475 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of CMS Energy in the 2nd quarter valued at $91,344,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.8%

CMS opened at $69.42 on Friday. CMS Energy Corporation has a 52 week low of $62.28 and a 52 week high of $80.36. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88. The business has a fifty day simple moving average of $66.77 and a 200-day simple moving average of $72.52. The firm has a market cap of $21.77 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.49 and a beta of 0.32.

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

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. CMS Energy’s dividend payout ratio is 68.47%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of research analyst reports. Capital One Financial set a $73.00 price target on CMS Energy in a report on Tuesday, October 6th. BMO Capital Markets upped their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. increased their target price on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Barclays lowered their target price 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. Finally, UBS Group reiterated a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.35.

CMS Energy Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.