NBC Securities Inc. Sells 252 Shares of CMS Energy Co. (NYSE:CMS)

NBC Securities Inc. lowered its position in CMS Energy Co. (NYSE:CMS) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,947 shares of the utilities provider’s stock after selling 252 shares during the quarter. NBC Securities Inc.’s holdings in CMS Energy were worth $3,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in shares of CMS Energy by 101.7% during the 2nd 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. JPMorgan Chase & Co. lifted its position in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after purchasing an additional 2,786,071 shares during the last quarter. iA Global Asset Management Inc. grew its stake in CMS Energy by 105.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock worth $92,623,000 after buying an additional 800,344 shares in the last quarter. Railway Pension Investments Ltd purchased a new stake in shares of CMS Energy during the 2nd quarter valued at $47,082,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of CMS Energy by 221.2% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,113,989 shares of the utilities provider’s stock worth $67,218,000 after acquiring an additional 767,189 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.6 %

Shares of NYSE CMS traded up $1.10 during trading hours on Tuesday, hitting $70.97. The company’s stock had a trading volume of 450,514 shares, compared to its average volume of 2,286,822. The business has a 50-day simple moving average of $68.54 and a 200-day simple moving average of $63.54. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.77 and a beta of 0.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 1.18. CMS Energy Co. has a 12 month low of $52.12 and a 12 month high of $71.57.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CMS shares. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Mizuho cut CMS Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $76.00 to $72.00 in a report on Tuesday. Evercore ISI raised CMS Energy to a “hold” rating in a research note on Friday, July 26th. KeyCorp lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company upped their price objective on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.08.

About CMS Energy

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.