Connor Clark & Lunn Investment Management Ltd. Has $2.63 Million Holdings in CMS Energy Corporation $CMS

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in CMS Energy Corporation by 135.4% during Q1, acquiring an additional 20,105 shares, bringing its total holdings to 34,951 shares.
• Various large investors, including the Teachers Retirement System of Kentucky and Cerity Partners LLC, have also raised their positions in CMS Energy, with institutional investors owning approximately 93.57% of the stock.
• Research analysts have mixed views on CMS Energy, with one downgrade to a "sell" rating and seven analysts giving a "buy" rating, while the company has a consensus price target of $77.25.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 135.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,951 shares of the utilities provider's stock after acquiring an additional 20,105 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in CMS Energy were worth $2,625,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CMS Energy by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 38,341,416 shares of the utilities provider's stock worth $2,879,824,000 after acquiring an additional 166,328 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after acquiring an additional 3,486,074 shares during the last quarter. Northern Trust Corp boosted its stake in 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 acquiring an additional 311,489 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 acquiring an additional 468,233 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in 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 acquiring an additional 81,867 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $73.62, for a total transaction of $147,240.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by insiders.

CMS Energy Stock Up 0.0%

Shares of NYSE CMS traded up $0.03 during midday trading on Monday, reaching $72.33. The company's stock had a trading volume of 703,952 shares, compared to its average volume of 2,475,002. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.93. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The stock has a market capitalization of $21.65 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 2.69 and a beta of 0.36. The stock has a 50 day simple moving average of $71.21 and a 200-day simple moving average of $71.46.

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

CMS Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Jefferies Financial Group lifted their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, BMO Capital Markets lifted their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.