CMS Energy Corporation (NYSE:CMS) Shares Acquired by Perpetual Ltd

Perpetual Ltd boosted its position in CMS Energy Corporation (NYSE:CMS - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,155,984 shares of the utilities provider's stock after purchasing an additional 81,867 shares during the quarter. CMS Energy comprises about 2.0% of Perpetual Ltd's holdings, making the stock its 13th largest position. Perpetual Ltd owned 0.72% of CMS Energy worth $161,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMS. Larson Financial Group LLC raised its position in shares of CMS Energy by 2,900.0% in the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares during the last quarter. Optiver Holding B.V. grew its stake in CMS Energy by 39.2% in the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares during the period. Mizuho Bank Ltd. acquired a new position in CMS Energy in the 4th quarter valued at $61,000. Covestor Ltd raised its holdings in CMS Energy by 51.9% in the 4th quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock valued at $71,000 after acquiring an additional 364 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in shares of CMS Energy during the 1st quarter worth $72,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Price Performance

CMS opened at $69.20 on Friday. CMS Energy Corporation has a 52-week low of $58.50 and a 52-week high of $76.45. The company has a 50 day moving average of $70.92 and a two-hundred day moving average of $70.08. The company has a market cap of $20.70 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.44 and a beta of 0.39. The company has a quick ratio of 0.84, a current ratio of 1.06 and a debt-to-equity ratio of 1.87.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The business had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period last year, the company posted $0.97 earnings per share. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, May 9th. This represents a $2.17 annualized dividend and a dividend yield of 3.14%. CMS Energy's payout ratio is currently 64.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen lowered CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Scotiabank reaffirmed an "outperform" rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Bank of America raised their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. BMO Capital Markets boosted their target price on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Evercore ISI increased their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $77.00.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the firm'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 now directly owns 69,571 shares of the company's stock, valued at approximately $5,121,121.31. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Company Profile

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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