Sigma Planning Corp lowered its holdings in CMS Power Co. (NYSE:CMS – Free Report) by 17.9% within the third quarter, Holdings Channel reviews. The agency owned 33,733 shares of the utilities supplier’s inventory after promoting 7,370 shares throughout the interval. Sigma Planning Corp’s holdings in CMS Power had been value $2,383,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional traders have additionally lately modified their holdings of the corporate. Empowered Funds LLC raised its place in CMS Power by 23.9% within the 1st quarter. Empowered Funds LLC now owns 4,581 shares of the utilities supplier’s inventory value $276,000 after shopping for an extra 885 shares over the last quarter. Headlands Applied sciences LLC bought a brand new place in shares of CMS Power throughout the first quarter valued at roughly $43,000. QRG Capital Administration Inc. lifted its place in CMS Power by 22.3% throughout the first quarter. QRG Capital Administration Inc. now owns 10,132 shares of the utilities supplier’s inventory valued at $611,000 after buying an extra 1,846 shares throughout the interval. US Bancorp DE boosted its holdings in CMS Power by 1.8% within the first quarter. US Bancorp DE now owns 242,365 shares of the utilities supplier’s inventory value $14,624,000 after buying an extra 4,251 shares over the last quarter. Lastly, Entropy Applied sciences LP grew its place in CMS Power by 119.3% within the 1st quarter. Entropy Applied sciences LP now owns 29,054 shares of the utilities supplier’s inventory value $1,753,000 after buying an extra 15,806 shares throughout the interval. 93.57% of the inventory is owned by institutional traders.
Analyst Scores Modifications
A number of analysis companies have lately weighed in on CMS. Jefferies Monetary Group started protection on CMS Power in a report on Tuesday, November fifth. They set a “purchase” score and a $76.00 worth goal on the inventory. Mizuho downgraded CMS Power from an “outperform” score to a “impartial” score and minimize their worth goal for the corporate from $76.00 to $72.00 in a analysis be aware on Tuesday, October fifteenth. KeyCorp elevated their worth goal on shares of CMS Power from $73.00 to $76.00 and gave the inventory an “obese” score in a analysis be aware on Monday, September thirtieth. Evercore ISI upgraded shares of CMS Power to a “maintain” score in a analysis report on Friday, July twenty sixth. Lastly, Wells Fargo & Firm elevated their worth goal on shares of CMS Power from $70.00 to $77.00 and gave the inventory an “obese” score in a analysis report on Wednesday, October sixteenth. One funding analyst has rated the inventory with a promote score, six have assigned a maintain score and ten have given a purchase score to the inventory. In line with MarketBeat, the inventory has a consensus score of “Reasonable Purchase” and a consensus worth goal of $70.29.
Verify Out Our Newest Inventory Evaluation on CMS
CMS Power Inventory Efficiency
NYSE CMS opened at $68.62 on Tuesday. The corporate has a fast ratio of 0.83, a present ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Power Co. has a twelve month low of $54.99 and a twelve month excessive of $72.40. The enterprise has a 50-day shifting common worth of $69.82 and a 200-day shifting common worth of $65.00. The agency has a market cap of $20.50 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of two.67 and a beta of 0.41.
CMS Power (NYSE:CMS – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, October thirty first. The utilities supplier reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The enterprise had income of $1.74 billion throughout the quarter, in comparison with analyst estimates of $1.88 billion. CMS Power had a web margin of 14.01% and a return on fairness of 12.81%. The corporate’s income was up 4.2% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency posted $0.61 EPS. As a bunch, equities analysis analysts predict that CMS Power Co. will put up 3.33 EPS for the present fiscal 12 months.
CMS Power Will increase Dividend
The enterprise additionally lately declared a quarterly dividend, which might be paid on Wednesday, November twenty seventh. Shareholders of file on Wednesday, November thirteenth might be paid a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November thirteenth. This represents a $2.06 annualized dividend and a yield of three.00%. It is a enhance from CMS Power’s earlier quarterly dividend of $0.51. CMS Power’s payout ratio is presently 58.86%.
About CMS Power
CMS Power Company operates as an power firm primarily in Michigan. The corporate operates by three segments: Electrical Utility; Gasoline Utility; and Enterprises. The Electrical Utility section is concerned within the era, buy, transmission, distribution, and sale of electrical energy. This section generates electrical energy by coal, wind, gasoline, renewable power, oil, and nuclear sources.
Really useful Tales
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