Capital Fund Management S.A. reduced its holdings in shares of CMS Energy Co. (NYSE:CMS) by 76.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,700 shares of the utilities provider’s stock after selling 25,356 shares during the period. Capital Fund Management S.A.’s holdings in CMS Energy were worth $377,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of CMS Energy by 60,837.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 14,982,113 shares of the utilities provider’s stock valued at $734,124,000 after purchasing an additional 14,957,527 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of CMS Energy by 62.4% in the 3rd quarter. Renaissance Technologies LLC now owns 2,912,300 shares of the utilities provider’s stock valued at $142,703,000 after purchasing an additional 1,118,600 shares during the last quarter. Carillon Tower Advisers Inc. increased its position in shares of CMS Energy by 2,838.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 874,775 shares of the utilities provider’s stock valued at $41,359,000 after purchasing an additional 845,000 shares during the last quarter. Millennium Management LLC increased its position in shares of CMS Energy by 96.1% in the 2nd quarter. Millennium Management LLC now owns 1,612,272 shares of the utilities provider’s stock valued at $76,228,000 after purchasing an additional 790,201 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its position in shares of CMS Energy by 10.5% in the 2nd quarter. Standard Life Aberdeen plc now owns 7,376,627 shares of the utilities provider’s stock valued at $348,805,000 after purchasing an additional 698,313 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CMS opened at $52.57 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $14.89 billion, a P/E ratio of 21.55, a P/E/G ratio of 3.63 and a beta of 0.03. CMS Energy Co. has a 12 month low of $40.48 and a 12 month high of $53.35.
CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 25th. The utilities provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same period last year, the firm posted $0.62 EPS. On average, research analysts forecast that CMS Energy Co. will post 2.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 2nd were given a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, November 1st. CMS Energy’s dividend payout ratio (DPR) is 65.90%.
A number of equities research analysts have commented on CMS shares. SunTrust Banks reissued a “hold” rating and issued a $50.00 price objective on shares of CMS Energy in a research report on Wednesday, November 7th. Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Morgan Stanley dropped their price objective on shares of CMS Energy from $51.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, September 21st. KeyCorp reissued a “buy” rating and issued a $51.00 price objective on shares of CMS Energy in a research report on Thursday, August 16th. Finally, ValuEngine raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.50.
In related news, insider Brandon J. Hofmeister sold 500 shares of the stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total value of $25,940.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian F. Rich sold 4,000 shares of the stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $49.69, for a total transaction of $198,760.00. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
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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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