Mizuho Securities USA LLC Acquires 228,501 Shares of CMS Energy Co. (NYSE:CMS)

Mizuho Securities USA LLC raised its stake in shares of CMS Energy Co. (NYSE:CMS) by 992.4% during the third quarter, Holdings Channel reports. The firm owned 251,525 shares of the utilities provider’s stock after buying an additional 228,501 shares during the period. Mizuho Securities USA LLC’s holdings in CMS Energy were worth $18,075,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in shares of CMS Energy by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 25,390 shares of the utilities provider’s stock worth $1,511,000 after acquiring an additional 157 shares in the last quarter. Voisard Asset Management Group Inc. boosted its stake in CMS Energy by 25.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 163 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of CMS Energy by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider’s stock worth $256,000 after buying an additional 187 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of CMS Energy by 9.6% during the 2nd quarter. Continuum Advisory LLC now owns 2,330 shares of the utilities provider’s stock worth $139,000 after buying an additional 205 shares during the last quarter. Finally, Tobam lifted its stake in CMS Energy by 31.7% in the 3rd quarter. Tobam now owns 868 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 209 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho cut shares of CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Bank of America increased their price target on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. StockNews.com upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Scotiabank raised their target price on shares of CMS Energy from $66.00 to $75.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Guggenheim raised their target price 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. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

CMS Energy Trading Up 1.2 %

CMS opened at $68.23 on Friday. CMS Energy Co. has a 1-year low of $55.10 and a 1-year high of $72.40. 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 company has a market cap of $20.39 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.41. The company has a fifty day moving average price of $69.78 and a two-hundred day moving average price of $65.21.

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

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. CMS Energy’s payout ratio is presently 58.86%.

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.