CMS Energy Corporation $CMS Stock: New Mexico Educational Retirement Board Raises Holdings

New Mexico Educational Retirement Board boosted its stake in CMS Energy Corporation (NYSE:CMS) by 302.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,637 shares of the utilities provider’s stock after buying an additional 46,327 shares during the quarter. New Mexico Educational Retirement Board’s holdings in CMS Energy were worth $3,888,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. GQG Partners LLC acquired a new position in shares of CMS Energy in the second quarter worth $363,388,000. Magellan Asset Management Ltd purchased a new stake in shares of CMS Energy in the second quarter valued at $194,237,000. Legal & General Group Plc purchased a new stake in shares of CMS Energy in the second quarter valued at $189,370,000. Hsbc Holdings PLC acquired a new stake in shares of CMS Energy during the second quarter valued at $91,344,000. Finally, Retirement Systems of Alabama boosted its stake in shares of CMS Energy by 225.9% during the third quarter. Retirement Systems of Alabama now owns 1,581,870 shares of the utilities provider’s stock valued at $99,784,000 after acquiring an additional 1,096,475 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CMS shares. Argus reissued a “buy” rating and issued a $80.00 target price on shares of CMS Energy in a research note on Wednesday, August 26th. Capital One Financial set a $73.00 price target on shares of CMS Energy in a research note on Tuesday, October 6th. HSBC started coverage on shares of CMS Energy in a research note on Thursday, October 22nd. They set a “hold” rating and a $69.00 price target on the stock. Weiss Ratings downgraded shares of CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $77.35.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $69.57 on Thursday. The company has a market cap of $21.82 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.55 and a beta of 0.31. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88. CMS Energy Corporation has a 52 week low of $62.28 and a 52 week high of $80.36. The business has a fifty day simple moving average of $67.03 and a 200-day simple moving average of $72.48.

CMS Energy (NYSE:CMS) last released its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s dividend payout ratio is currently 81.43%.

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.