Swiss National Bank Grows Stock Holdings in CMS Energy Co. (NYSE:CMS)

Swiss National Bank boosted its stake in shares of CMS Energy Co. (NYSE:CMS) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 886,400 shares of the utilities provider’s stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank owned about 0.30% of CMS Energy worth $62,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares during the period. TruNorth Capital Management LLC lifted its stake in shares of CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 578 shares during the period. Innealta Capital LLC purchased a new stake in shares of CMS Energy in the second quarter valued at about $43,000. Values First Advisors Inc. purchased a new stake in shares of CMS Energy in the third quarter valued at about $56,000. Finally, Voisard Asset Management Group Inc. increased its stake in shares of CMS Energy by 25.7% during the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total transaction of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

CMS Energy Price Performance

Shares of CMS opened at $68.57 on Wednesday. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40. The stock’s fifty day moving average is $69.75 and its 200-day moving average is $65.38. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 2.72 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Equities analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.00%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is 58.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Evercore ISI raised CMS Energy to a “hold” rating in a research note on Friday, July 26th. Jefferies Financial Group initiated coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a “buy” rating and a $76.00 target price on the stock. Bank of America lifted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, StockNews.com downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Company Profile

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.