221,813 CMS Energy Corporation $CMS Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of CMS Energy Corporation (NYSE:CMS) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,490,347 shares of the utilities provider’s stock after purchasing an additional 221,813 shares during the period. Pictet Asset Management Holding SA owned approximately 1.43% of CMS Energy worth $283,251,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kilter Group LLC bought a new stake in CMS Energy during the second quarter valued at $26,000. Independence Bank of Kentucky purchased a new position in CMS Energy during the third quarter worth about $27,000. Pension & Wealth Management Advisors Inc. bought a new position in CMS Energy in the 3rd quarter worth about $30,000. Scarborough Advisors LLC bought a new position in CMS Energy in the 1st quarter worth about $31,000. Finally, Trust Co. of Vermont bought a new position in CMS Energy in the 2nd quarter worth about $33,000. Institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on CMS Energy from $79.00 to $73.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 28th. JPMorgan Chase & Co. boosted their price objective on CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Mizuho decreased their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. KeyCorp downgraded shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 23rd. Finally, Argus reiterated a “buy” rating and set a $80.00 target price on shares of CMS Energy in a research report on Wednesday, August 26th. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.35.

CMS Energy Price Performance

Shares of CMS Energy stock opened at $69.18 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $21.70 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.53 and a beta of 0.31. The business’s 50-day moving average price is $66.94 and its 200-day moving average price is $72.50. CMS Energy Corporation has a 12 month low of $62.28 and a 12 month high of $80.36.

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

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders 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 3.3%. CMS Energy’s dividend payout ratio (DPR) is 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.

CMS Energy was formed as a holding company in 1987 and is headquartered in Jackson, Michigan.