Epoch Investment Partners Inc. decreased its position in CMS Energy Co. (NYSE:CMS) by 4.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 401,195 shares of the utilities provider’s stock after selling 18,317 shares during the period. Epoch Investment Partners Inc.’s holdings in CMS Energy were worth $19,658,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in CMS Energy by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 15,234,196 shares of the utilities provider’s stock valued at $746,475,000 after acquiring an additional 112,508 shares in the last quarter. Bank of New York Mellon Corp grew its position in CMS Energy by 60,837.6% in the third 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 acquiring an additional 14,957,527 shares in the last quarter. Standard Life Aberdeen plc grew its position in CMS Energy by 10.5% in the second quarter. Standard Life Aberdeen plc now owns 7,376,627 shares of the utilities provider’s stock valued at $348,805,000 after acquiring an additional 698,313 shares in the last quarter. Renaissance Technologies LLC grew its position in CMS Energy by 62.4% in the third quarter. Renaissance Technologies LLC now owns 2,912,300 shares of the utilities provider’s stock valued at $142,703,000 after acquiring an additional 1,118,600 shares in the last quarter. Finally, Legal & General Group Plc grew its position in CMS Energy by 2.4% in the second quarter. Legal & General Group Plc now owns 2,663,398 shares of the utilities provider’s stock valued at $125,910,000 after acquiring an additional 62,967 shares in the last quarter. 92.88% of the stock is owned by institutional investors.
In other news, insider Brandon J. Hofmeister sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total transaction of $25,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brian F. Rich sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The stock was 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. 0.65% of the stock is currently owned by company insiders.
CMS stock opened at $52.93 on Friday. CMS Energy Co. has a twelve month low of $40.48 and a twelve month high of $53.35. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.69 and a quick ratio of 0.47. The company has a market cap of $14.99 billion, a PE ratio of 24.39, a P/E/G ratio of 3.66 and a beta of 0.03.
CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $0.62 earnings per share. On average, analysts anticipate that CMS Energy Co. will post 2.34 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, November 1st. CMS Energy’s payout ratio is currently 65.90%.
CMS has been the subject of several recent research reports. SunTrust Banks reaffirmed 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 lowered their price objective on shares of CMS Energy from $51.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, September 21st. KeyCorp reaffirmed 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.50.
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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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