CMS Energy Co. (NYSE:CMS) Short Interest Up 6.1% in September

CMS Energy Co. (NYSE:CMS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 9,500,000 shares, a growth of 6.1% from the August 31st total of 8,950,000 shares. Based on an average trading volume of 2,030,000 shares, the days-to-cover ratio is presently 4.7 days.

Analyst Ratings Changes

A number of research analysts have commented on the company. KeyCorp upped their price objective on CMS Energy from $73.00 to $76.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets upped their price objective on CMS Energy from $69.00 to $76.00 and gave the company an “outperform” rating in a report on Monday. Mizuho increased their target price on CMS Energy from $65.00 to $76.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays increased their target price on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 13th. Finally, Guggenheim upped their price objective on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.38.

Institutional Investors Weigh In On CMS Energy

Several institutional investors and hedge funds have recently made changes to their positions in CMS. JPMorgan Chase & Co. grew its stake in CMS Energy by 14.0% during the first quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock worth $1,367,483,000 after purchasing an additional 2,786,071 shares during the period. Massachusetts Financial Services Co. MA grew its stake in CMS Energy by 101.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider’s stock worth $410,223,000 after purchasing an additional 3,473,977 shares during the period. Capital International Investors grew its stake in CMS Energy by 24.8% during the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after purchasing an additional 1,234,791 shares during the period. Capital Research Global Investors grew its stake in CMS Energy by 1.2% during the fourth quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after purchasing an additional 65,966 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in CMS Energy by 320.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock worth $250,026,000 after purchasing an additional 3,282,697 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Up 0.6 %

CMS Energy stock traded up $0.42 during trading hours on Tuesday, hitting $71.05. The stock had a trading volume of 1,993,340 shares, compared to its average volume of 2,307,962. 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 stock has a market cap of $21.22 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 2.80 and a beta of 0.40. CMS Energy has a one year low of $49.87 and a one year high of $71.48. The business’s 50 day simple moving average is $67.31 and its 200-day simple moving average is $62.74.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results 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. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.73 billion. CMS Energy had a return on equity of 12.25% and a net margin of 13.10%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, equities analysts predict that CMS Energy will post 3.33 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a $0.51 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.04 annualized dividend and a dividend yield of 2.87%. CMS Energy’s payout ratio 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.