B.O.S.S. Retirement Advisors LLC Purchases 883 Shares of CMS Energy Co. (NYSE:CMS)

B.O.S.S. Retirement Advisors LLC increased its position in shares of CMS Energy Co. (NYSE:CMS) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,399 shares of the utilities provider’s stock after purchasing an additional 883 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in CMS Energy were worth $1,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CMS. Scarborough Advisors LLC bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $29,000. Wellington Management Group LLP bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $4,116,000. SageView Advisory Group LLC bought a new stake in shares of CMS Energy during the fourth quarter valued at approximately $205,000. HighPoint Advisor Group LLC acquired a new stake in CMS Energy in the 4th quarter valued at $267,000. Finally, Nomura Holdings Inc. acquired a new stake in CMS Energy in the 4th quarter valued at $342,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMS shares. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Bank of America boosted their price target on CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Evercore ISI raised CMS Energy to a “hold” rating in a research note on Friday, July 26th. KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Morgan Stanley boosted their price target on CMS Energy from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and an average target price of $69.85.

CMS Energy Trading Up 1.2 %

CMS stock opened at $71.16 on Thursday. The company has a market cap of $21.25 billion, a P/E ratio of 21.70, a PEG ratio of 2.77 and a beta of 0.41. CMS Energy Co. has a twelve month low of $52.12 and a twelve month high of $71.57. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 1.80. The business has a fifty day moving average of $68.76 and a 200-day moving average of $63.67.

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

CMS Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a dividend of $0.51 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.87%. CMS Energy’s payout ratio is currently 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.