Advisor Group Inc. lowered its stake in CMS Energy Co. (NYSE:CMS) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,694 shares of the utilities provider’s stock after selling 2,397 shares during the quarter. Advisor Group Inc.’s holdings in CMS Energy were worth $1,376,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in CMS Energy by 11.6% in the second quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after acquiring an additional 2,653,503 shares during the period. JPMorgan Chase & Co. raised its position in CMS Energy by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after acquiring an additional 2,145,055 shares during the period. Eaton Vance Management raised its position in CMS Energy by 339.0% in the second quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after acquiring an additional 1,957,005 shares during the period. Janus Henderson Group PLC raised its position in CMS Energy by 3,063.0% in the second quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock worth $60,263,000 after acquiring an additional 1,261,775 shares during the period. Finally, Brookfield Asset Management Inc. raised its position in CMS Energy by 25,046.4% in the second quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock worth $41,392,000 after acquiring an additional 891,400 shares during the period. Institutional investors own 87.42% of the company’s stock.
In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction on Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the transaction, the insider now directly owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
Shares of CMS Energy Co. (NYSE:CMS) traded up $0.02 during midday trading on Monday, reaching $49.76. 1,767,346 shares of the company’s stock were exchanged, compared to its average volume of 1,836,050. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. The company has a market cap of $14,027.31, a P/E ratio of 25.51, a P/E/G ratio of 3.54 and a beta of 0.19. CMS Energy Co. has a one year low of $39.42 and a one year high of $50.85.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. CMS Energy’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. equities analysts anticipate that CMS Energy Co. will post 2.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd were paid a $0.3325 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.67%. CMS Energy’s payout ratio is currently 68.91%.
Several research firms have weighed in on CMS. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Bank of America started coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price objective on the stock. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy in a research report on Friday, October 20th. SunTrust Banks restated a “hold” rating and set a $47.00 price objective on shares of CMS Energy in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy in a research report on Monday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.90.
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CMS Energy 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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