CMS Energy Co. (NYSE:CMS) Position Raised by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC increased its holdings in CMS Energy Co. (NYSE:CMS) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,483 shares of the utilities provider’s stock after purchasing an additional 310 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in CMS Energy were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after acquiring an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock valued at $410,223,000 after acquiring an additional 3,473,977 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after purchasing an additional 800,344 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of CMS Energy by 46.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock worth $79,275,000 after acquiring an additional 421,059 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in CMS Energy by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock valued at $76,292,000 after purchasing an additional 233,633 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMS has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday. They issued a “buy” rating and a $76.00 price objective on the stock. Scotiabank raised their price target on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Evercore ISI upgraded CMS Energy to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays raised their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

CMS Energy Stock Down 0.8 %

Shares of CMS stock traded down $0.57 during trading on Wednesday, reaching $68.54. The company’s stock had a trading volume of 65,873 shares, compared to its average volume of 2,248,947. The business has a fifty day moving average price of $69.85 and a 200-day moving average price of $64.85. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a one year low of $54.27 and a one year high of $72.40. The company has a market cap of $20.48 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.71 and a beta of 0.41.

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

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 3.01%. CMS Energy’s dividend payout ratio is presently 58.86%.

CMS Energy 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.