60,984 Shares of CMS Energy Corporation $CMS Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in CMS Energy Corporation (NYSE:CMS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,984 shares of the utilities provider’s stock, valued at approximately $3,847,000.

A number of other institutional investors have also bought and sold shares of CMS. GQG Partners LLC purchased a new position in CMS Energy in the 2nd quarter worth approximately $363,388,000. Pictet Asset Management Holding SA boosted its holdings in shares of CMS Energy by 5.2% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,490,347 shares of the utilities provider’s stock worth $283,251,000 after purchasing an additional 221,813 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in shares of CMS Energy in the second quarter valued at approximately $194,237,000. Legal & General Group Plc purchased a new stake in shares of CMS Energy in the second quarter valued at approximately $189,370,000. Finally, Retirement Systems of Alabama grew its position in shares of CMS Energy by 225.9% in the third quarter. Retirement Systems of Alabama now owns 1,581,870 shares of the utilities provider’s stock valued at $99,784,000 after purchasing an additional 1,096,475 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMS shares. UBS Group reaffirmed a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a report on Wednesday, July 29th. Scotiabank reissued a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a research note on Thursday, October 1st. Argus restated a “buy” rating and issued a $80.00 target price on shares of CMS Energy in a report on Wednesday, August 26th. Weiss Ratings cut CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Finally, Truist Financial cut their target price on CMS Energy from $81.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy presently has an average rating of “Hold” and an average target price of $77.35.

CMS Energy Price Performance

Shares of CMS stock opened at $69.57 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.95 and a quick ratio of 0.67. The firm’s 50-day moving average is $67.03 and its two-hundred day moving average is $72.48. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month high of $80.36. The company has a market capitalization of $21.82 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.55 and a beta of 0.31.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business posted $0.93 EPS. CMS Energy’s revenue was up 8.0% on a year-over-year basis. Analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Dividend Announcement

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 given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 6th. CMS Energy’s payout ratio is presently 81.43%.

CMS Energy Company Profile

CMS Energy is a Michigan-based energy company and the parent of Consumers Energy, a regulated utility that provides electricity and natural gas to homes and businesses across Michigan’s Lower Peninsula. Consumers Energy serves customers in all 68 counties in the peninsula. Through Consumers Energy, the company generates, purchases, transmits and distributes electricity, and supplies natural gas. Its operations include maintaining utility infrastructure and developing energy resources, including renewable generation, to support the region’s energy needs.