CMS Energy Corporation $CMS Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 702,418 shares of the utilities provider’s stock after selling 12,988 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of CMS Energy worth $44,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of CMS Energy in the third quarter worth approximately $5,366,000. ProShare Advisors LLC lifted its holdings in CMS Energy by 1.1% during the third quarter. ProShare Advisors LLC now owns 49,831 shares of the utilities provider’s stock valued at $3,143,000 after purchasing an additional 541 shares in the last quarter. Summit Global Investments lifted its position in shares of CMS Energy by 1.0% in the third quarter. Summit Global Investments now owns 35,161 shares of the utilities provider’s stock valued at $2,218,000 after acquiring an additional 348 shares in the last quarter. MGO One Seven LLC grew its holdings in CMS Energy by 19.9% during the 3rd quarter. MGO One Seven LLC now owns 4,098 shares of the utilities provider’s stock valued at $259,000 after buying an additional 681 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of CMS Energy during the 3rd quarter valued at about $692,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMS. JPMorgan Chase & Co. increased their target price on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada set a $73.00 price target on CMS Energy in a research note on Tuesday, October 6th. HSBC started coverage on shares of CMS Energy in a research note on Thursday, October 22nd. They set a “hold” rating and a $69.00 target price on the stock. Weiss Ratings lowered CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Finally, Mizuho dropped their target price on CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.35.

CMS Energy Price Performance

Shares of NYSE CMS opened at $70.91 on Thursday. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 1.88. The stock has a market cap of $22.24 billion, a P/E ratio of 18.00, a P/E/G ratio of 2.56 and a beta of 0.31. The stock has a 50 day moving average of $66.89 and a two-hundred day moving average of $72.52.

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

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, November 6th. CMS Energy’s payout ratio is 81.43%.

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.