Summit Global Investments increased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 4.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,575 shares of the utilities provider’s stock after acquiring an additional 495 shares during the period. Summit Global Investments’ holdings in CMS Energy Corporation were worth $582,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CMS. Commerzbank Aktiengesellschaft FI lifted its position in CMS Energy Corporation by 44.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,681 shares of the utilities provider’s stock worth $433,000 after acquiring an additional 2,961 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in CMS Energy Corporation during the 1st quarter worth approximately $881,000. Henderson Group PLC increased its holdings in CMS Energy Corporation by 2.2% during the 1st quarter. Henderson Group PLC now owns 41,194 shares of the utilities provider’s stock worth $1,843,000 after purchasing an additional 900 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in CMS Energy Corporation by 9.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 923,022 shares of the utilities provider’s stock worth $41,296,000 after purchasing an additional 78,811 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in CMS Energy Corporation during the 1st quarter worth approximately $5,544,000. 87.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CMS Energy Corporation (CMS) traded down 0.37% during midday trading on Tuesday, hitting $48.92. The stock had a trading volume of 158,813 shares. The firm has a 50-day moving average of $47.66 and a 200 day moving average of $46.24. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $49.09. The firm has a market cap of $13.77 billion, a PE ratio of 24.71 and a beta of 0.17.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 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 analyst estimates of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. On average, analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were issued a $0.3325 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.71%. CMS Energy Corporation’s dividend payout ratio (DPR) is 66.83%.
In other CMS Energy Corporation news, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total value of $168,910.00. Following the completion of the transaction, the senior vice president now directly owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,836 shares of company stock valued at $561,118. Insiders own 0.65% of the company’s stock.
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Several research firms have issued reports on CMS. Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy Corporation in a report on Monday. BMO Capital Markets restated a “buy” rating and set a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. Guggenheim began coverage on CMS Energy Corporation in a report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. BidaskClub upgraded CMS Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Morgan Stanley set a $49.00 price objective on CMS Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CMS Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $48.20.
About CMS Energy Corporation
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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