EverSource Wealth Advisors LLC Acquires 904 Shares of CMS Energy Co. (NYSE:CMS)

EverSource Wealth Advisors LLC increased its holdings in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 334.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174 shares of the utilities provider’s stock after acquiring an additional 904 shares during the period. EverSource Wealth Advisors LLC’s holdings in CMS Energy were worth $82,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. grew its position in CMS Energy by 38.5% during the 1st quarter. Russell Investments Group Ltd. now owns 202,564 shares of the utilities provider’s stock worth $14,165,000 after acquiring an additional 56,307 shares during the last quarter. Parallel Advisors LLC boosted its position in CMS Energy by 18.6% in the 1st quarter. Parallel Advisors LLC now owns 2,300 shares of the utilities provider’s stock valued at $161,000 after buying an additional 361 shares during the last quarter. State Street Corp boosted its position in CMS Energy by 0.3% in the 4th quarter. State Street Corp now owns 14,718,646 shares of the utilities provider’s stock valued at $957,448,000 after buying an additional 39,112 shares during the last quarter. Hightower 6M Holding LLC bought a new position in CMS Energy in the 1st quarter valued at $226,000. Finally, MetLife Investment Management LLC boosted its position in CMS Energy by 23.2% in the 1st quarter. MetLife Investment Management LLC now owns 78,825 shares of the utilities provider’s stock valued at $5,513,000 after buying an additional 14,821 shares during the last quarter. 92.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMS has been the topic of a number of recent research reports. BMO Capital Markets decreased their price objective on CMS Energy from $80.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, June 27th. Mizuho decreased their price objective on CMS Energy from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Barclays decreased their price objective on CMS Energy from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Finally, Morgan Stanley raised their price target on CMS Energy from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Hold” and a consensus price target of $71.00.

CMS Energy Stock Performance

Shares of CMS Energy stock opened at $66.84 on Friday. The company has a market capitalization of $19.40 billion, a PE ratio of 14.69, a PEG ratio of 2.79 and a beta of 0.28. CMS Energy Co. has a 12 month low of $58.51 and a 12 month high of $73.76. The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 1.62. The stock’s fifty day simple moving average is $68.01 and its 200 day simple moving average is $68.29.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Tuesday, September 6th will be paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 26.93%. The ex-dividend date is Friday, September 2nd. This is an increase from CMS Energy’s previous quarterly dividend of $0.46. CMS Energy’s dividend payout ratio (DPR) is presently 40.44%.

CMS Energy Profile

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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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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