CMS Energy Corporation $CMS Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 387.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,501 shares of the utilities provider’s stock after purchasing an additional 62,395 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CMS Energy were worth $4,952,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GQG Partners LLC bought a new position in shares of CMS Energy during the 2nd quarter worth approximately $363,388,000. Pictet Asset Management Holding SA grew its holdings in shares of CMS Energy by 5.2% in the third quarter. Pictet Asset Management Holding SA now owns 4,490,347 shares of the utilities provider’s stock valued at $283,251,000 after acquiring an additional 221,813 shares in the last quarter. Magellan Asset Management Ltd bought a new position in shares of CMS Energy in the second quarter valued at approximately $194,237,000. Legal & General Group Plc bought a new position in shares of CMS Energy in the second quarter valued at approximately $189,370,000. Finally, Retirement Systems of Alabama increased its position in shares of CMS Energy by 225.9% during the third quarter. Retirement Systems of Alabama now owns 1,581,870 shares of the utilities provider’s stock valued at $99,784,000 after acquiring an additional 1,096,475 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector outperform” rating and set a $78.00 price target on shares of CMS Energy in a report on Thursday, October 1st. Argus restated a “buy” rating and issued a $80.00 price objective on shares of CMS Energy in a research note on Wednesday, August 26th. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley lowered their target price on CMS Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.35.

CMS Energy Price Performance

CMS opened at $69.22 on Friday. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.54 and a beta of 0.31. 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 firm has a 50-day moving average price of $67.05 and a 200-day moving average price of $72.47. 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 quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.44 EPS 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 net margin of 9.72% and a return on equity of 12.28%. CMS Energy’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Equities analysts expect that CMS Energy Corporation will post 3.87 EPS for the current year.

CMS Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 6th will be given a dividend of $0.57 per share. The ex-dividend date 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 currently 81.43%.

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.