NumerixS Investment Technologies Inc Purchases Shares of 2,600 CMS Energy Co. (NYSE:CMS)

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NumerixS Investment Technologies Inc purchased a new stake in CMS Energy Co. (NYSE:CMS) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,600 shares of the utilities provider’s stock, valued at approximately $144,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MML Investors Services LLC boosted its stake in CMS Energy by 30.7% during the 4th quarter. MML Investors Services LLC now owns 14,284 shares of the utilities provider’s stock valued at $709,000 after purchasing an additional 3,356 shares during the period. CI Investments Inc. acquired a new position in CMS Energy during the 4th quarter valued at about $4,431,000. Bremer Trust National Association acquired a new position in CMS Energy during the 4th quarter valued at about $55,000. Stevens Capital Management LP acquired a new position in CMS Energy during the 1st quarter valued at about $4,603,000. Finally, Sigma Planning Corp boosted its stake in CMS Energy by 1.5% during the 1st quarter. Sigma Planning Corp now owns 13,465 shares of the utilities provider’s stock valued at $748,000 after purchasing an additional 197 shares during the period. 92.00% of the stock is owned by institutional investors and hedge funds.

CMS stock opened at $57.95 on Friday. CMS Energy Co. has a 52 week low of $43.10 and a 52 week high of $59.04. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.64 and a beta of 0.17. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 1.13.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). CMS Energy had a return on equity of 13.16% and a net margin of 9.01%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that CMS Energy Co. will post 2.5 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 3rd were given a dividend of $0.3825 per share. The ex-dividend date was Thursday, May 2nd. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.64%. CMS Energy’s dividend payout ratio (DPR) is 65.67%.

In related news, insider Catherine A. Hendrian sold 1,753 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $56.96, for a total value of $99,850.88. Following the sale, the insider now directly owns 37,567 shares in the company, valued at approximately $2,139,816.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Catherine M. Reynolds sold 6,203 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $54.63, for a total transaction of $338,869.89. Following the completion of the sale, the senior vice president now owns 121,211 shares in the company, valued at $6,621,756.93. The disclosure for this sale can be found here. Insiders sold a total of 33,256 shares of company stock worth $1,835,676 over the last quarter. Insiders own 0.52% of the company’s stock.

A number of research firms have issued reports on CMS. KeyCorp began coverage on shares of CMS Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Morgan Stanley boosted their price target on shares of CMS Energy from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 16th. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating and set a $59.00 price target on the stock in a research report on Wednesday, May 29th. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Thursday, April 11th. Finally, SunTrust Banks restated a “hold” rating and set a $56.00 price target on shares of CMS Energy in a research report on Monday, February 25th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.15.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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