Short Interest in CMS Energy Co. (NYSE:CMS) Decreases By 5.2%

CMS Energy Co. (NYSE:CMS) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 9,150,000 shares, a decline of 5.2% from the September 30th total of 9,650,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is presently 4.5 days.

CMS Energy Trading Up 0.3 %

Shares of CMS traded up $0.20 on Thursday, reaching $70.31. 699,906 shares of the company’s stock were exchanged, compared to its average volume of 2,246,876. CMS Energy has a 12 month low of $53.64 and a 12 month high of $72.40. The stock has a market capitalization of $21.00 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average price of $69.73 and a two-hundred day moving average price of $64.51.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. The ex-dividend date is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.93%. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Hedge Funds Weigh In On CMS Energy

Several institutional investors have recently modified their holdings of the stock. TruNorth Capital Management LLC raised its stake in CMS Energy by 431.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock worth $42,000 after buying an additional 578 shares during the period. Headlands Technologies LLC acquired a new stake in shares of CMS Energy during the first quarter worth about $43,000. Innealta Capital LLC bought a new position in shares of CMS Energy during the 2nd quarter valued at about $43,000. Values First Advisors Inc. acquired a new position in shares of CMS Energy in the 3rd quarter valued at approximately $56,000. Finally, Voisard Asset Management Group Inc. increased its stake in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMS has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Scotiabank raised their price objective on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Bank of America upped their target price on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Evercore ISI raised shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $69.85.

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.