Nordea Investment Management AB lessened its holdings in CMS Energy Co. (NYSE:CMS) by 26.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,317 shares of the utilities provider’s stock after selling 4,448 shares during the quarter. Nordea Investment Management AB’s holdings in CMS Energy were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in CMS. Archford Capital Strategies LLC boosted its holdings in CMS Energy by 62.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 438 shares in the last quarter. IBM Retirement Fund purchased a new stake in CMS Energy in the 3rd quarter valued at approximately $205,000. Colony Group LLC purchased a new stake in CMS Energy in the 2nd quarter valued at approximately $217,000. BlueMountain Capital Management LLC acquired a new stake in shares of CMS Energy during the 2nd quarter valued at approximately $217,000. Finally, Dana Investment Advisors Inc. lifted its position in shares of CMS Energy by 5.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 4,849 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 249 shares during the period. 87.42% of the stock is currently owned by institutional investors.
CMS Energy Co. (NYSE CMS) opened at $49.87 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. CMS Energy Co. has a 12-month low of $40.39 and a 12-month high of $50.85. The stock has a market capitalization of $14,063.99, a P/E ratio of 25.57, a P/E/G ratio of 3.55 and a beta of 0.19.
CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted $0.70 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. analysts predict that CMS Energy Co. will post 2.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 3rd were given a dividend of $0.3325 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.67%. CMS Energy’s dividend payout ratio is currently 68.91%.
In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 28,176 shares in the company, valued at approximately $1,353,011.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $49.48, for a total value of $123,700.00. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
A number of research firms have recently issued reports on CMS. BidaskClub upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $51.00 price target on shares of CMS Energy in a research report on Friday, October 20th. SunTrust Banks reiterated a “hold” rating and set a $47.00 price target on shares of CMS Energy in a research report on Wednesday, October 4th. Finally, Guggenheim began coverage on shares of CMS Energy in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CMS Energy has a consensus rating of “Buy” and a consensus price target of $48.90.
CMS Energy Company Profile
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.
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