Machina Capital S.A.S. Makes New Investment in CMS Energy Corporation $CMS

Machina Capital S.A.S. purchased a new stake in CMS Energy Corporation (NYSE:CMS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 60,984 shares of the utilities provider’s stock, valued at approximately $3,847,000.

A number of other hedge funds have also modified their holdings of the business. Silver Grove Financial Group Inc. increased its position in shares of CMS Energy by 301.0% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,568 shares of the utilities provider’s stock worth $99,000 after purchasing an additional 1,177 shares during the last quarter. Bahl & Gaynor LLC lifted its position in CMS Energy by 15.3% in the third quarter. Bahl & Gaynor LLC now owns 1,231,260 shares of the utilities provider’s stock valued at $77,668,000 after buying an additional 162,938 shares during the last quarter. Keybank National Association OH lifted its position in CMS Energy by 32.0% in the third quarter. Keybank National Association OH now owns 248,806 shares of the utilities provider’s stock valued at $15,695,000 after buying an additional 60,350 shares during the last quarter. New York Life Investment Management LLC lifted its position in CMS Energy by 331.0% in the third quarter. New York Life Investment Management LLC now owns 185,018 shares of the utilities provider’s stock valued at $11,671,000 after buying an additional 142,090 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its stake in CMS Energy by 577.0% during the third quarter. Nemes Rush Group LLC now owns 1,652 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,408 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMS shares. UBS Group reiterated a “neutral” rating and set a $84.00 price target on shares of CMS Energy in a research report on Wednesday, July 29th. Mizuho reduced their price target on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings lowered shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Jefferies Financial Group lowered their price objective on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.35.

CMS Energy Price Performance

CMS stock opened at $69.57 on Thursday. 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 company has a market capitalization of $21.82 billion, a PE ratio of 24.85, a P/E/G ratio of 2.55 and a beta of 0.31. CMS Energy Corporation has a 12-month low of $62.28 and a 12-month high of $80.36. The business’s fifty day moving average price is $67.03 and its 200 day moving average price is $72.48.

CMS Energy (NYSE:CMS) last posted its 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. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $0.93 EPS. CMS Energy’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current 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 paid a dividend of $0.57 per share. The ex-dividend date is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a yield of 3.3%. CMS Energy’s dividend payout ratio is 81.43%.

About CMS Energy

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.