Keybank National Association OH Buys 60,350 Shares of CMS Energy Corporation $CMS

Keybank National Association OH increased its stake in CMS Energy Corporation (NYSE:CMS) by 32.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 248,806 shares of the utilities provider’s stock after acquiring an additional 60,350 shares during the period. Keybank National Association OH owned approximately 0.08% of CMS Energy worth $15,695,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. VestGen Advisors LLC increased its position in CMS Energy by 4.9% during the third quarter. VestGen Advisors LLC now owns 3,653 shares of the utilities provider’s stock worth $230,000 after purchasing an additional 170 shares during the last quarter. Lido Advisors LLC raised its stake in CMS Energy by 1.0% during the first quarter. Lido Advisors LLC now owns 18,123 shares of the utilities provider’s stock worth $1,406,000 after purchasing an additional 174 shares during the period. NewEdge Advisors LLC raised its stake in CMS Energy by 0.7% during the first quarter. NewEdge Advisors LLC now owns 26,328 shares of the utilities provider’s stock worth $2,043,000 after purchasing an additional 174 shares during the period. Kera Capital Partners Inc. raised its stake in CMS Energy by 5.5% during the first quarter. Kera Capital Partners Inc. now owns 3,934 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 206 shares during the period. Finally, Avion Wealth boosted its holdings in shares of CMS Energy by 139.3% in the 3rd quarter. Avion Wealth now owns 390 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 227 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Down 0.3%

Shares of NYSE:CMS opened at $69.57 on Thursday. The stock has a 50-day simple moving average of $67.03 and a 200-day simple moving average of $72.48. The stock has a market capitalization of $21.82 billion, a P/E ratio of 24.85, a PEG ratio of 2.55 and a beta of 0.31. CMS Energy Corporation has a 1 year low of $62.28 and a 1 year 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.

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

CMS Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 6th will be given a $0.57 dividend. 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 is presently 81.43%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of CMS Energy from $79.00 to $73.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 28th. JPMorgan Chase & Co. upped 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 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. Weiss Ratings cut CMS Energy from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Finally, Capital One Financial set a $73.00 target price on CMS Energy in a report on Tuesday, October 6th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.35.

About CMS Energy

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.