2,736,030 CMS Energy Corporation $CMS Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of CMS Energy Corporation (NYSE:CMS) by 858.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,054,604 shares of the utilities provider’s stock after acquiring an additional 2,736,030 shares during the period. Russell Investments Group Ltd.’s holdings in CMS Energy were worth $192,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMS. Kilter Group LLC acquired a new stake in shares of CMS Energy in the second quarter valued at about $26,000. Avion Wealth increased its stake in CMS Energy by 139.3% in the 3rd quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 227 shares in the last quarter. Scarborough Advisors LLC purchased a new position in CMS Energy in the 1st quarter valued at approximately $31,000. Independence Bank of Kentucky purchased a new stake in CMS Energy during the third quarter worth $27,000. Finally, Trust Co. of Vermont purchased a new stake in CMS Energy during the second quarter worth $33,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMS shares. KeyCorp cut shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. UBS Group reissued a “neutral” rating and set a $84.00 price objective on shares of CMS Energy in a research note on Wednesday, July 29th. HSBC assumed coverage on CMS Energy in a research report on Thursday, October 22nd. They set a “hold” rating and a $69.00 price objective for the company. Morgan Stanley lowered their target price on CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Finally, Wells Fargo & Company lowered their target price on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMS Energy has an average rating of “Hold” and an average target price of $77.35.

CMS Energy Trading Down 0.6%

Shares of CMS stock opened at $69.22 on Friday. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.54 and a beta of 0.31. 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 firm has a 50-day moving average price of $67.05 and a 200 day moving average price of $72.47. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.09. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. Research analysts forecast that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

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

CMS Energy 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.