Pendal Group Ltd Has $295,000 Stock Position in CMS Energy Co. (NYSE:CMS)

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Pendal Group Ltd decreased its stake in CMS Energy Co. (NYSE:CMS) by 28.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,096 shares of the utilities provider’s stock after selling 2,013 shares during the period. Pendal Group Ltd’s holdings in CMS Energy were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CMS. JPMorgan Chase & Co. boosted its stake in CMS Energy by 1.1% during the first quarter. JPMorgan Chase & Co. now owns 15,766,374 shares of the utilities provider’s stock worth $875,664,000 after buying an additional 175,679 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CMS Energy by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 3,737,438 shares of the utilities provider’s stock valued at $185,237,000 after purchasing an additional 253,498 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CMS Energy by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,662,432 shares of the utilities provider’s stock valued at $203,411,000 after purchasing an additional 44,908 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of CMS Energy by 18.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,191,821 shares of the utilities provider’s stock valued at $177,274,000 after purchasing an additional 491,602 shares in the last quarter. Finally, FIL Ltd boosted its stake in shares of CMS Energy by 1.9% in the 1st quarter. FIL Ltd now owns 2,798,422 shares of the utilities provider’s stock valued at $155,424,000 after purchasing an additional 53,134 shares in the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

CMS Energy stock opened at $61.20 on Friday. The stock has a 50-day simple moving average of $58.88 and a 200 day simple moving average of $56.18. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 2.32. CMS Energy Co. has a 12-month low of $47.63 and a 12-month high of $61.47. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 3.74 and a beta of 0.15.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.11). CMS Energy had a net margin of 8.41% and a return on equity of 12.13%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that CMS Energy Co. will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.3825 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.50%. CMS Energy’s dividend payout ratio is 65.67%.

In related news, insider Brian F. Rich sold 4,000 shares of CMS Energy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $59.70, for a total value of $238,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Russell sold 5,600 shares of CMS Energy stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $57.46, for a total value of $321,776.00. Following the completion of the transaction, the director now directly owns 296,311 shares of the company’s stock, valued at $17,026,030.06. The disclosure for this sale can be found here. Insiders sold 50,453 shares of company stock valued at $2,995,335 over the last ninety days. 0.52% of the stock is currently owned by company insiders.

Several brokerages have recently commented on CMS. Morgan Stanley reduced their target price on shares of CMS Energy from $60.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Friday. Barclays restated a “hold” rating and issued a $61.00 target price on shares of CMS Energy in a research note on Thursday, June 20th. KeyCorp began coverage on shares of CMS Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Argus set a $66.00 target price on shares of CMS Energy and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Credit Suisse Group set a $58.00 target price on shares of CMS Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CMS Energy has a consensus rating of “Hold” and a consensus price target of $57.33.

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.

Further Reading: Why do analysts give a neutral rating?

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

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