14,175 Shares of CMS Energy Corporation $CMS Purchased by StoneX Group Inc.

StoneX Group Inc. purchased a new stake in CMS Energy Corporation (NYSE:CMS) during the third quarter, HoldingsChannel reports. The institutional investor purchased 14,175 shares of the utilities provider’s stock, valued at approximately $894,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kilter Group LLC bought a new stake in CMS Energy in the 2nd quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in shares of CMS Energy during the 1st quarter worth approximately $31,000. Independence Bank of Kentucky bought a new position in shares of CMS Energy during the 3rd quarter worth approximately $27,000. Trust Co. of Vermont acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $33,000. Finally, MidFirst Bank acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Stock Up 0.3%

CMS stock opened at $69.73 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average price of $66.99 and a two-hundred day moving average price of $72.49. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.54 and a beta of 0.31. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. CMS Energy had a return on equity of 12.28% and a net margin of 9.72%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 6th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio (DPR) is currently 81.43%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CMS shares. JPMorgan Chase & Co. boosted 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. Weiss Ratings downgraded shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Mizuho lowered 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. Jefferies Financial Group cut their price target on shares of CMS Energy from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Tuesday, September 15th. Finally, Scotiabank restated a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a research note on Thursday, October 1st. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.35.

CMS Energy Profile

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.