Mitsubishi UFJ Trust & Banking Corp reduced its holdings in CMS Energy Co. (NYSE:CMS) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 657,281 shares of the utilities provider’s stock after selling 22,348 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.23% of CMS Energy worth $30,445,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Archford Capital Strategies LLC raised its position in CMS Energy by 62.0% during 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 during the last quarter. IBM Retirement Fund bought a new position in CMS Energy during the 3rd quarter valued at approximately $205,000. Campbell & CO Investment Adviser LLC bought a new position in CMS Energy during the 3rd quarter valued at approximately $216,000. Colony Group LLC bought a new position in CMS Energy during the 2nd quarter valued at approximately $217,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of CMS Energy in the 2nd quarter worth approximately $217,000. Institutional investors and hedge funds own 87.42% of the company’s stock.
Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 target price on shares of CMS Energy in a research report on Wednesday. Royal Bank of Canada reissued a “hold” rating and issued a $46.00 target price on shares of CMS Energy in a research report on Monday, September 11th. KeyCorp reissued a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a research report on Friday, September 1st. Guggenheim initiated coverage on CMS Energy in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective for the company. Finally, BidaskClub raised CMS Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.10.
Shares of CMS Energy Co. (NYSE CMS) traded up $0.08 during mid-day trading on Thursday, hitting $49.25. The stock had a trading volume of 1,569,400 shares, compared to its average volume of 1,838,459. The company has a market capitalization of $13,866.56, a PE ratio of 25.22, a price-to-earnings-growth ratio of 3.50 and a beta of 0.19. CMS Energy Co. has a 1 year low of $40.39 and a 1 year high of $50.85. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.
CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. research analysts forecast that CMS Energy Co. will post 2.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd were given a dividend of $0.3325 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.70%. CMS Energy’s dividend payout ratio (DPR) is presently 68.91%.
In other news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the transaction, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.
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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