Stiles Financial Services Inc Makes New Investment in CMS Energy Co. (NYSE:CMS)

Stiles Financial Services Inc purchased a new stake in shares of CMS Energy Co. (NYSE:CMS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,271 shares of the utilities provider’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also bought and sold shares of CMS. Principal Financial Group Inc. grew its holdings in CMS Energy by 7.6% in the 3rd quarter. Principal Financial Group Inc. now owns 408,331 shares of the utilities provider’s stock worth $28,840,000 after acquiring an additional 28,695 shares during the last quarter. Centennial Wealth Advisory LLC boosted its holdings in shares of CMS Energy by 4.3% during the third quarter. Centennial Wealth Advisory LLC now owns 7,483 shares of the utilities provider’s stock worth $529,000 after purchasing an additional 310 shares during the period. Crestwood Advisors Group LLC grew its stake in shares of CMS Energy by 6.4% in the third quarter. Crestwood Advisors Group LLC now owns 4,347 shares of the utilities provider’s stock worth $307,000 after purchasing an additional 260 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in CMS Energy by 2.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 174,849 shares of the utilities provider’s stock valued at $12,350,000 after purchasing an additional 4,432 shares during the period. Finally, Intact Investment Management Inc. bought a new position in CMS Energy during the 3rd quarter valued at approximately $5,153,000. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Up 1.3 %

CMS Energy stock opened at $67.23 on Friday. CMS Energy Co. has a 12 month low of $54.70 and a 12 month high of $72.40. The stock has a fifty day simple moving average of $69.82 and a two-hundred day simple moving average of $64.94. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.72 and a beta of 0.41.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. CMS Energy’s revenue was up 4.2% on a year-over-year basis. Equities analysts predict that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Wednesday, November 13th. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s dividend payout ratio is 58.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Guggenheim raised their target price on shares of CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays boosted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Bank of America raised their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on CMS Energy in a report on Tuesday. They set a “buy” rating and a $76.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.29.

CMS Energy 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.