Asset Management One Co. Ltd. lifted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,826 shares of the utilities provider's stock after purchasing an additional 8,877 shares during the period. Asset Management One Co. Ltd. owned about 0.07% of CMS Energy worth $14,633,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in CMS Energy by 2,900.0% during the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after acquiring an additional 696 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of CMS Energy by 39.2% during the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of CMS Energy during the fourth quarter worth $61,000. Covestor Ltd increased its holdings in CMS Energy by 51.9% in the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 364 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in CMS Energy in the first quarter valued at $72,000. 93.57% of the stock is currently owned by institutional investors.
Insider Activity at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the completion of the sale, the senior vice president directly owned 69,571 shares in the company, valued at $5,121,121.31. This represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Bank of America upped their price target on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Jefferies Financial Group increased their price target on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. BMO Capital Markets raised their price target on shares of CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, UBS Group increased their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.00.
Get Our Latest Research Report on CMS Energy
CMS Energy Stock Performance
CMS traded up $0.28 during midday trading on Monday, reaching $69.29. The company had a trading volume of 2,744,689 shares, compared to its average volume of 2,317,671. CMS Energy Corporation has a 12-month low of $58.50 and a 12-month high of $76.45. The business has a 50-day moving average price of $70.78 and a two-hundred day moving average price of $70.14. The stock has a market cap of $20.73 billion, a PE ratio of 20.56, a P/E/G ratio of 2.46 and a beta of 0.39. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06.
CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.32 billion. CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. During the same period last year, the firm posted $0.97 EPS. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, May 9th. CMS Energy's dividend payout ratio is 64.39%.
CMS Energy Company Profile
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Free Report)
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.
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