Pendal Group Ltd cut its position in CMS Energy (NYSE:CMS) by 16.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,632 shares of the utilities provider’s stock after selling 1,641 shares during the quarter. Pendal Group Ltd’s holdings in CMS Energy were worth $391,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Zions Bancorporation acquired a new position in CMS Energy during the 1st quarter worth approximately $119,000. Cerebellum GP LLC acquired a new position in CMS Energy during the 4th quarter worth approximately $122,000. Tower Research Capital LLC TRC increased its position in CMS Energy by 271.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 1,998 shares in the last quarter. Advisors Preferred LLC acquired a new position in CMS Energy during the 1st quarter worth approximately $139,000. Finally, Dupont Capital Management Corp acquired a new position in CMS Energy during the 1st quarter worth approximately $144,000. Institutional investors own 88.91% of the company’s stock.
Shares of NYSE CMS opened at $44.11 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. CMS Energy has a 52-week low of $40.48 and a 52-week high of $50.85. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.98 and a beta of 0.06.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. CMS Energy had a net margin of 7.48% and a return on equity of 14.33%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 6.8% on a year-over-year basis. research analysts expect that CMS Energy will post 2.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 4th will be given a $0.3575 dividend. This represents a $1.43 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, May 3rd. CMS Energy’s dividend payout ratio (DPR) is currently 65.90%.
In other CMS Energy news, VP Glenn P. Barba sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the vice president now directly owns 32,161 shares in the company, valued at approximately $1,506,742.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Catherine M. Reynolds sold 8,310 shares of the company’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 transaction, the senior vice president now owns 126,810 shares of the company’s stock, valued at $5,503,554. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,921 shares of company stock valued at $1,134,161. Corporate insiders own 0.65% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of CMS Energy from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, March 8th. SunTrust Banks reiterated a “hold” rating and set a $45.00 price objective on shares of CMS Energy in a research report on Monday, January 29th. Wells Fargo lowered their price objective on shares of CMS Energy from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Thursday. Finally, Citigroup assumed coverage on shares of CMS Energy in a research report on Friday, April 13th. They set a “neutral” rating and a $46.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $48.08.
CMS Energy Profile
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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