Sumitomo Mitsui DS Asset Management Company Ltd Has $3.43 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CMS Energy Co. (NYSE:CMS) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,613 shares of the utilities provider’s stock after purchasing an additional 5,233 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CMS Energy were worth $3,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMS. JPMorgan Chase & Co. grew its position in shares of CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after buying an additional 2,786,071 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in CMS Energy by 101.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after acquiring an additional 3,473,977 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in CMS Energy by 105.9% during the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider’s stock valued at $92,623,000 after purchasing an additional 800,344 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in CMS Energy by 46.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after purchasing an additional 421,059 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in CMS Energy by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,281,504 shares of the utilities provider’s stock worth $76,292,000 after purchasing an additional 233,633 shares during the period. Institutional investors own 93.57% of the company’s stock.

CMS Energy Stock Up 0.4 %

CMS Energy stock opened at $71.29 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 1-year low of $52.12 and a 1-year high of $71.57. The company has a fifty day simple moving average of $68.99 and a 200 day simple moving average of $63.85. The company has a market cap of $21.29 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company earned $0.75 EPS. CMS Energy’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CMS shares. Bank of America boosted their price target on shares of CMS Energy from $69.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. BMO Capital Markets increased their price target on CMS Energy from $69.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Scotiabank increased their target price on CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on shares of CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.85.

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.