CMS Energy Corporation $CMS Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC raised its stake in shares of CMS Energy Corporation (NYSE:CMS) by 484.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 24,652 shares of the utilities provider’s stock after purchasing an additional 20,437 shares during the quarter. Sowell Financial Services LLC’s holdings in CMS Energy were worth $1,555,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CMS. GQG Partners LLC bought a new stake in shares of CMS Energy in the second quarter worth approximately $363,388,000. Magellan Asset Management Ltd purchased a new position in shares of CMS Energy during the second quarter valued at approximately $194,237,000. Legal & General Group Plc purchased a new position in shares of CMS Energy during the second quarter valued at approximately $189,370,000. Dimensional Fund Advisors LP lifted its position in CMS Energy by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,581,115 shares of the utilities provider’s stock valued at $122,657,000 after purchasing an additional 50,475 shares during the period. Finally, Hsbc Holdings PLC bought a new position in CMS Energy during the second quarter valued at approximately $91,344,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Price Performance

Shares of NYSE:CMS opened at $70.12 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $21.99 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.32. The firm’s 50 day moving average price is $66.77 and its 200-day moving average price is $72.53. CMS Energy Corporation has a twelve month low of $62.28 and a twelve month high of $80.36.

CMS Energy (NYSE:CMS) last announced its earnings results on Tuesday, October 27th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Announces Dividend

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. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 6th. CMS Energy’s dividend payout ratio (DPR) is currently 81.43%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. BMO Capital Markets boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, October 19th. Wells Fargo & Company lowered their price target on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating on the stock in a report on Wednesday. UBS Group restated a “neutral” rating and issued a $84.00 price target on shares of CMS Energy in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group cut their price objective on CMS Energy from $78.00 to $74.00 and set a “hold” rating for the company in a report on Tuesday, September 15th. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, CMS Energy has an average rating of “Hold” and an average price target of $77.35.

CMS Energy Profile

CMS Energy Corporation is an energy company headquartered in Jackson, Michigan. Through its principal subsidiary, Consumers Energy, the company provides electric and natural gas utility services to residential, commercial and industrial customers throughout Michigan.

Consumers Energy operates and maintains electric generation, transmission and distribution infrastructure, as well as natural gas storage and distribution systems. CMS Energy also conducts independent power generation and energy-related activities through its businesses focused on renewable energy, natural gas and other power projects.

Founded in 1987 as a holding company, CMS Energy traces its utility operations to Consumers Power Company, which was established in Michigan in the late 19th century.