Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 14,571 Shares of CMS Energy Corporation (CMS)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 26.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,946 shares of the utilities provider’s stock after acquiring an additional 14,571 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CMS Energy Corporation were worth $3,240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in CMS Energy Corporation by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after acquiring an additional 764,989 shares during the period. BlackRock Inc. increased its stake in CMS Energy Corporation by 11.6% during the 2nd 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. increased its stake in CMS Energy Corporation by 11.5% during the 2nd 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. Bank of New York Mellon Corp increased its stake in CMS Energy Corporation by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock worth $649,344,000 after acquiring an additional 596,628 shares during the period. Finally, Eaton Vance Management increased its stake in CMS Energy Corporation by 339.0% during the 2nd 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. Hedge funds and other institutional investors own 87.57% of the company’s stock.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the sale, the insider now owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brian F. Rich sold 3,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total value of $168,910.00. Following the sale, the senior vice president now directly owns 44,835 shares in the company, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

A number of equities analysts have commented on CMS shares. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 price objective on shares of CMS Energy Corporation in a research note on Wednesday, October 4th. KeyCorp reiterated a “buy” rating and issued a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, October 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $46.00 price target on shares of CMS Energy Corporation in a research note on Monday, September 11th. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.90.

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Shares of CMS Energy Corporation (NYSE:CMS) opened at $49.59 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. CMS Energy Corporation has a twelve month low of $39.42 and a twelve month high of $50.85. The firm has a market capitalization of $13,990.00, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.53 and a beta of 0.18.

CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the business posted $0.70 EPS. CMS Energy Corporation’s revenue for the quarter was down 3.8% on a year-over-year basis. research analysts forecast that CMS Energy Corporation will post 2.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 3rd will be issued a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is 68.91%.

About CMS Energy Corporation

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.

Institutional Ownership by Quarter for CMS Energy Corporation (NYSE:CMS)

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