Deutsche Bank AG lifted its holdings in shares of CMS Energy (NYSE:CMS) by 111.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 838,800 shares of the utilities provider’s stock after purchasing an additional 441,532 shares during the period. Deutsche Bank AG owned about 0.30% of CMS Energy worth $39,672,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CMS. Raymond James Financial Services Advisors Inc. grew its holdings in CMS Energy by 15.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,435 shares of the utilities provider’s stock worth $1,641,000 after acquiring an additional 4,811 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its position in shares of CMS Energy by 17.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 16,188 shares of the utilities provider’s stock worth $750,000 after purchasing an additional 2,413 shares during the period. Sei Investments Co. lifted its position in shares of CMS Energy by 7.9% in the 3rd quarter. Sei Investments Co. now owns 225,608 shares of the utilities provider’s stock worth $10,450,000 after purchasing an additional 16,563 shares during the period. New York State Common Retirement Fund lifted its position in shares of CMS Energy by 1.5% in the 3rd quarter. New York State Common Retirement Fund now owns 592,900 shares of the utilities provider’s stock worth $27,463,000 after purchasing an additional 9,000 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of CMS Energy by 18.4% in the 3rd quarter. Toronto Dominion Bank now owns 106,908 shares of the utilities provider’s stock worth $4,951,000 after purchasing an additional 16,607 shares during the period. 88.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of CMS stock traded down $0.24 during trading hours on Friday, reaching $45.32. The company had a trading volume of 2,813,185 shares, compared to its average volume of 3,078,760. CMS Energy has a one year low of $40.48 and a one year high of $50.85. The firm has a market capitalization of $12,799.28, a PE ratio of 20.88, a P/E/G ratio of 3.07 and a beta of 0.07. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 2.06.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts anticipate that CMS Energy will post 2.33 earnings per share for the current year.
Several equities research analysts have recently commented on CMS shares. Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. KeyCorp reissued a “buy” rating and set a $51.50 price target on shares of CMS Energy in a research report on Friday, December 15th. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target on shares of CMS Energy in a research report on Wednesday, December 13th. TheStreet cut shares of CMS Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 14th. Finally, SunTrust Banks set a $46.00 price target on shares of CMS Energy and gave the company a “hold” rating in a research report on Monday, March 19th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.50.
In related news, SVP Catherine M. Reynolds sold 8,310 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction of $360,654.00. Following the completion of the sale, the senior vice president now directly owns 126,810 shares in the company, valued at $5,503,554. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.
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About CMS Energy
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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