Icon Advisers Inc. Co. decreased its stake in CMS Energy Corporation (NYSE:CMS) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 101,276 shares of the utilities provider’s stock after selling 14,200 shares during the quarter. Icon Advisers Inc. Co.’s holdings in CMS Energy Corporation were worth $4,691,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CMS Energy Corporation by 2.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,831 shares of the utilities provider’s stock valued at $2,632,000 after acquiring an additional 1,252 shares during the period. Rothschild Asset Management Inc. boosted its holdings in CMS Energy Corporation by 3.0% during the 3rd quarter. Rothschild Asset Management Inc. now owns 355,234 shares of the utilities provider’s stock valued at $16,454,000 after acquiring an additional 10,447 shares during the period. Chartwell Investment Partners LLC boosted its holdings in CMS Energy Corporation by 36.2% during the 3rd quarter. Chartwell Investment Partners LLC now owns 63,695 shares of the utilities provider’s stock valued at $2,950,000 after acquiring an additional 16,915 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in CMS Energy Corporation during the 3rd quarter valued at $730,000. Finally, Reaves W H & Co. Inc. boosted its holdings in CMS Energy Corporation by 0.8% during the 3rd quarter. Reaves W H & Co. Inc. now owns 650,408 shares of the utilities provider’s stock valued at $30,127,000 after acquiring an additional 5,100 shares during the period. Institutional investors own 87.57% of the company’s stock.
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In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total value of $123,700.00. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
A number of equities analysts recently issued reports on CMS shares. Zacks Investment Research cut CMS Energy Corporation from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Morgan Stanley boosted their price objective on CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a report on Friday, September 1st. 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, September 11th. Finally, Guggenheim began coverage on CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CMS Energy Corporation presently has an average rating of “Buy” and an average target price of $48.90.
Shares of CMS Energy Corporation (CMS) traded down $0.08 during midday trading on Thursday, reaching $49.40. The company’s stock had a trading volume of 1,078,600 shares, compared to its average volume of 1,831,000. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. The company has a market cap of $13,910.00, a price-to-earnings ratio of 25.37, a PEG ratio of 3.53 and a beta of 0.18. CMS Energy Corporation has a 1-year low of $39.42 and a 1-year high of $50.85.
CMS Energy Corporation (NYSE:CMS) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. CMS Energy Corporation’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 EPS. equities research analysts anticipate that CMS Energy Corporation will post 2.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd will be given a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy Corporation’s payout ratio is 68.91%.
CMS Energy Corporation 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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