288,447 CMS Energy Corporation $CMS Shares Purchased by Aberdeen Group plc

Aberdeen Group plc grew its holdings in CMS Energy Corporation (NYSE:CMS) by 34.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,120,122 shares of the utilities provider’s stock after purchasing an additional 288,447 shares during the quarter. Aberdeen Group plc’s holdings in CMS Energy were worth $70,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kilter Group LLC acquired a new position in shares of CMS Energy during the 2nd quarter worth $26,000. Avion Wealth boosted its stake in CMS Energy by 139.3% in the third quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock valued at $25,000 after buying an additional 227 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in CMS Energy in the first quarter valued at about $31,000. Independence Bank of Kentucky acquired a new stake in CMS Energy in the third quarter valued at about $27,000. Finally, Trust Co. of Vermont bought a new position in CMS Energy in the second quarter valued at about $33,000. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

CMS has been the subject of several research analyst reports. Jefferies Financial Group lowered their target price on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Tuesday, September 15th. Royal Bank Of Canada set a $73.00 target price on shares of CMS Energy in a report on Tuesday, October 6th. Barclays reduced their price target on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Morgan Stanley decreased their price target on shares of CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 21st. Finally, Scotiabank reiterated a “sector outperform” rating and set a $78.00 price objective on shares of CMS Energy in a research report on Thursday, October 1st. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of “Hold” and an average target price of $77.35.

CMS Energy Trading Up 1.6%

Shares of CMS Energy stock traded up $1.09 on Friday, hitting $70.31. The stock had a trading volume of 3,185,751 shares, compared to its average volume of 4,265,800. The stock has a 50 day moving average of $67.09 and a 200 day moving average of $72.46. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.67 and a current ratio of 0.95. The firm has a market capitalization of $22.05 billion, a P/E ratio of 25.11, a PEG ratio of 2.53 and a beta of 0.31.

CMS Energy (NYSE:CMS) last posted its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.35 by $0.09. CMS Energy had a net margin of 9.72% and a return on equity of 12.28%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company earned $0.93 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 3.2%. CMS Energy’s dividend payout ratio (DPR) is presently 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.