Charles Schwab Investment Management Inc. Has $142.92 Million Position in CMS Energy Corporation (NYSE:CMS)

Charles Schwab Investment Management Inc. lifted its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,902,847 shares of the utilities provider's stock after buying an additional 23,576 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of CMS Energy worth $142,923,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CMS. Teachers Retirement System of The State of Kentucky boosted its position in CMS Energy by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,064 shares of the utilities provider's stock worth $1,732,000 after purchasing an additional 893 shares during the period. Private Trust Co. NA boosted its position in CMS Energy by 14.4% during the first quarter. Private Trust Co. NA now owns 1,466 shares of the utilities provider's stock worth $110,000 after purchasing an additional 185 shares during the period. Vontobel Holding Ltd. boosted its position in CMS Energy by 9.4% during the first quarter. Vontobel Holding Ltd. now owns 4,662 shares of the utilities provider's stock worth $350,000 after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue boosted its position in CMS Energy by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 35,015 shares of the utilities provider's stock worth $2,629,000 after purchasing an additional 950 shares during the period. Finally, Cerity Partners LLC boosted its position in CMS Energy by 32.6% during the first quarter. Cerity Partners LLC now owns 34,681 shares of the utilities provider's stock worth $2,605,000 after purchasing an additional 8,536 shares during the period. Institutional investors own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS traded down $0.87 during trading hours on Thursday, reaching $72.59. The stock had a trading volume of 1,824,671 shares, compared to its average volume of 2,482,337. The business's fifty day moving average is $71.09 and its two-hundred day moving average is $71.30. 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 cap of $21.73 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 2.71 and a beta of 0.36. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45.

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

CMS Energy Dividend Announcement

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

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total transaction of $147,240.00. Following the completion of the transaction, the senior vice president directly owned 68,036 shares in the company, valued at $5,008,810.32. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their target price on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wolfe Research reissued a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Finally, BMO Capital Markets increased their price objective on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $77.25.

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.