CMS Energy Corporation $CMS Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 547,734 shares of the utilities provider’s stock after selling 23,425 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.17% of CMS Energy worth $34,551,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMS. GQG Partners LLC acquired a new stake in CMS Energy during the second quarter worth approximately $363,388,000. Magellan Asset Management Ltd purchased a new stake in shares of CMS Energy during the 2nd quarter worth approximately $194,237,000. Legal & General Group Plc acquired a new position in shares of CMS Energy in the 2nd quarter valued at $189,370,000. Hsbc Holdings PLC acquired a new position in shares of CMS Energy in the 2nd quarter valued at $91,344,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CMS Energy in the 2nd quarter valued at $58,830,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Performance

NYSE CMS opened at $69.67 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. CMS Energy Corporation has a 52-week low of $62.28 and a 52-week high of $80.36. The business’s 50-day moving average price is $66.93 and its 200 day moving average price is $72.54. The firm has a market cap of $21.85 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.54 and a beta of 0.32.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. CMS Energy had a return on equity of 10.76% and a net margin of 11.64%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, equities research analysts expect that CMS Energy Corporation will post 3.87 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. CMS Energy’s payout ratio is presently 68.47%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMS. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Barclays reduced their price target on shares of CMS Energy from $81.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada set a $73.00 price objective on CMS Energy in a report on Tuesday, October 6th. Finally, Mizuho cut their target price on CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, CMS Energy has an average rating of “Hold” and an average price target of $77.76.

CMS Energy Company 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.