Advisor Partners LLC increased its position in CMS Energy Corporation (NYSE:CMS) by 5.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,289 shares of the utilities provider’s stock after buying an additional 375 shares during the period. Advisor Partners LLC’s holdings in CMS Energy Corporation were worth $337,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock worth $108,000 after buying an additional 370 shares during the period. Quadrant Capital Group LLC boosted its position in shares of CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock worth $118,000 after buying an additional 145 shares during the period. Brookfield Asset Management Inc. bought a new position in shares of CMS Energy Corporation during the first quarter worth about $159,000. Meeder Asset Management Inc. bought a new position in shares of CMS Energy Corporation during the second quarter worth about $185,000. Finally, Trust Co. of Toledo NA OH bought a new position in shares of CMS Energy Corporation during the second quarter worth about $205,000. Hedge funds and other institutional investors own 86.49% of the company’s stock.
Shares of CMS Energy Corporation (NYSE CMS) opened at 47.48 on Friday. The firm has a 50-day moving average price of $46.51 and a 200 day moving average price of $45.37. The company has a market cap of $13.37 billion, a PE ratio of 23.98 and a beta of 0.16. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.08. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be issued a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.80%. CMS Energy Corporation’s payout ratio is currently 66.83%.
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Several equities analysts have recently weighed in on CMS shares. BMO Capital Markets reiterated a “buy” rating and set a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. Morgan Stanley set a $49.00 price objective on CMS Energy Corporation and gave the company a “hold” rating in a report on Thursday. BidaskClub cut CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $46.00 to $50.00 in a report on Monday, July 24th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $49.00 price objective (up previously from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.75.
In other CMS Energy Corporation news, Vice Chairman Thomas J. Webb sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total value of $2,361,500.00. Following the transaction, the insider now owns 187,773 shares in the company, valued at $8,868,518.79. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the transaction, the insider now owns 30,022 shares in the company, valued at approximately $1,366,001. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,336 shares of company stock worth $3,223,288. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Corporation Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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