ASR Vermogensbeheer N.V. Invests $6.61 Million in CMS Energy Corporation (NYSE:CMS)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in CMS Energy Corporation, purchasing 88,029 shares worth approximately $6.6 million during the first quarter.
• CMS Energy's stock saw a price target increase from various analysts, with Wells Fargo raising its target from $78.00 to $82.00 while maintaining an “overweight” rating.
• The company reported an earnings per share (EPS) of $0.71 for the last quarter, beating estimates, with a reported revenue of $1.84 billion, reflecting a growth of 14.4% compared to the previous year.

ASR Vermogensbeheer N.V. purchased a new stake in CMS Energy Corporation (NYSE:CMS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 88,029 shares of the utilities provider's stock, valued at approximately $6,612,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in CMS Energy by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock valued at $2,879,824,000 after buying an additional 166,328 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in CMS Energy by 32.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock valued at $950,227,000 after buying an additional 3,486,074 shares during the period. Northern Trust Corp grew its holdings in shares of CMS Energy by 11.6% during the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider's stock worth $199,049,000 after purchasing an additional 311,489 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CMS Energy by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,624,075 shares of the utilities provider's stock worth $174,895,000 after purchasing an additional 468,233 shares during the period. Finally, Perpetual Ltd grew its holdings in shares of CMS Energy by 3.9% during the 1st quarter. Perpetual Ltd now owns 2,155,984 shares of the utilities provider's stock worth $161,936,000 after purchasing an additional 81,867 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

CMS has been the topic of several recent research reports. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Scotiabank reissued an "outperform" rating and set a $81.00 price target (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Barclays boosted their price target on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Morgan Stanley set a $71.00 price target on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets boosted their price target on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $77.25.

CMS Energy Stock Performance

Shares of CMS stock traded down $0.65 on Monday, hitting $72.83. 581,507 shares of the stock traded hands, compared to its average volume of 2,479,353. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. The company has a market capitalization of $21.80 billion, a PE ratio of 21.55, a PEG ratio of 2.73 and a beta of 0.36. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45. The company's fifty day moving average is $70.93 and its 200 day moving average is $71.22.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%. The firm's revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, equities research analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.17 annualized dividend and a dividend yield of 3.0%. CMS Energy's dividend payout ratio is presently 64.20%.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.