CMS Energy Co. (NYSE:CMS) Shares Purchased by Bruce & Co. Inc.

Bruce & Co. Inc. increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 320,000 shares of the utilities provider’s stock after buying an additional 4,000 shares during the quarter. CMS Energy comprises approximately 6.3% of Bruce & Co. Inc.’s portfolio, making the stock its 7th biggest holding. Bruce & Co. Inc. owned approximately 0.11% of CMS Energy worth $19,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CMS. Lazard Asset Management LLC grew its stake in shares of CMS Energy by 48,203.8% during the 1st quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock valued at $3,059,000 after buying an additional 50,614 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in CMS Energy by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after acquiring an additional 49,630 shares during the period. Dimensional Fund Advisors LP increased its stake in CMS Energy by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after acquiring an additional 18,636 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of CMS Energy by 132.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after purchasing an additional 611,282 shares during the period. Finally, Duality Advisers LP lifted its stake in shares of CMS Energy by 1,854.4% in the 1st quarter. Duality Advisers LP now owns 114,193 shares of the utilities provider’s stock valued at $6,890,000 after purchasing an additional 108,350 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMS. KeyCorp raised their price target on shares of CMS Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Barclays raised their target price on shares of CMS Energy from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. Wells Fargo & Company upped their price target on shares of CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Bank of America boosted their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.33.

CMS Energy Price Performance

Shares of NYSE CMS opened at $70.09 on Monday. The business has a 50 day moving average price of $65.22 and a two-hundred day moving average price of $61.90. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $70.12. The firm has a market cap of $20.93 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.91%. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

CMS Energy Company Profile

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.