Zions Bancorporation N.A. Buys 1,192 Shares of CMS Energy Co. (NYSE:CMS)

Zions Bancorporation N.A. increased its position in CMS Energy Co. (NYSE:CMS) by 25.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,931 shares of the utilities provider’s stock after acquiring an additional 1,192 shares during the quarter. Zions Bancorporation N.A.’s holdings in CMS Energy were worth $419,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC boosted its holdings in CMS Energy by 431.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares during the period. Headlands Technologies LLC purchased a new stake in shares of CMS Energy in the first quarter worth $43,000. Innealta Capital LLC bought a new stake in CMS Energy during the second quarter valued at $43,000. Covestor Ltd grew its position in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after buying an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of CMS Energy during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Up 1.2 %

NYSE CMS opened at $68.23 on Friday. The firm has a market capitalization of $20.39 billion, a PE ratio of 19.49, a P/E/G ratio of 2.70 and a beta of 0.41. The stock’s 50 day moving average is $69.77 and its 200 day moving average is $65.16. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. Research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.515 per share. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.02%. CMS Energy’s dividend payout ratio (DPR) is currently 58.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CMS shares. StockNews.com raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Guggenheim increased their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America lifted their price target on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. BMO Capital Markets reduced their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, KeyCorp boosted their target price on CMS Energy from $73.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.29.

About CMS Energy

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.