Ferguson Wellman Capital Management Inc. Sells 580 Shares of CMS Energy Co. (NYSE:CMS)

Ferguson Wellman Capital Management Inc. lowered its holdings in CMS Energy Co. (NYSE:CMS) by 2.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,168 shares of the utilities provider’s stock after selling 580 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in CMS Energy were worth $1,848,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in CMS Energy by 14.0% in 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 acquiring an additional 2,786,071 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after purchasing an additional 3,473,977 shares during the period. iA Global Asset Management Inc. boosted its stake in shares of CMS Energy by 105.9% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CMS Energy by 46.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after buying an additional 421,059 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in CMS Energy by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after buying an additional 233,633 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Stock Performance

Shares of CMS opened at $67.40 on Friday. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40. The business has a fifty day moving average of $69.79 and a 200 day moving average of $65.14. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market capitalization of $20.14 billion, a P/E ratio of 19.26, a PEG ratio of 2.71 and a beta of 0.41.

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

CMS Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

CMS has been the topic of several research reports. Bank of America lifted their price objective on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley upped their target price on shares of CMS Energy from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Guggenheim lifted their price target on shares of CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Company raised their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Scotiabank boosted their price target 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. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, CMS Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.29.

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.