AdvisorNet Financial Inc Has $60,000 Holdings in CMS Energy Co. (NYSE:CMS)

AdvisorNet Financial Inc grew its holdings in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 48.9% during the second quarter, HoldingsChannel.com reports. The firm owned 886 shares of the utilities provider’s stock after acquiring an additional 291 shares during the quarter. AdvisorNet Financial Inc’s holdings in CMS Energy were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of 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 purchasing an additional 56,307 shares in the last quarter. Parallel Advisors LLC grew its position in shares of CMS Energy by 18.6% during the 1st quarter. Parallel Advisors LLC now owns 2,300 shares of the utilities provider’s stock worth $161,000 after purchasing an additional 361 shares in the last quarter. State Street Corp boosted its position in shares of CMS Energy by 0.3% during the 4th quarter. State Street Corp now owns 14,718,646 shares of the utilities provider’s stock worth $957,448,000 after acquiring an additional 39,112 shares in the last quarter. Hightower 6M Holding LLC acquired a new stake in shares of CMS Energy during the 1st quarter worth approximately $226,000. Finally, MetLife Investment Management LLC boosted its position in shares of CMS Energy by 23.2% during the 1st quarter. MetLife Investment Management LLC now owns 78,825 shares of the utilities provider’s stock worth $5,513,000 after acquiring an additional 14,821 shares in the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMS shares. BMO Capital Markets reduced their price target on shares of CMS Energy from $80.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, June 27th. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Thursday. Barclays reduced their price target on shares of 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, Mizuho reduced their price target on shares of CMS Energy from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, CMS Energy presently has an average rating of “Hold” and an average price target of $70.80.

CMS Energy Price Performance

CMS stock opened at $65.78 on Friday. The company has a fifty day moving average price of $68.05 and a 200-day moving average price of $68.30. The company has a market capitalization of $19.09 billion, a P/E ratio of 14.46, a PEG ratio of 2.80 and a beta of 0.28. CMS Energy Co. has a 52-week low of $58.51 and a 52-week high of $73.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.65 and a current ratio of 1.00.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Tuesday, September 6th will be paid a dividend of $4.50 per share. The ex-dividend date is Friday, September 2nd. This represents a $18.00 annualized dividend and a dividend yield of 27.36%. 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%.

About CMS Energy

(Get Rating)

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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