GQG Partners LLC Has $6.05 Million Stock Position in CMS Energy Corporation (NYSE:CMS)

Key Points

• GQG Partners LLC reduced its stake in CMS Energy Corporation by 14.3%, holding 80,584 shares worth approximately $6.05 million after selling 13,442 shares in the first quarter.
• CMS Energy reported $0.71 earnings per share in its latest quarter, surpassing analyst expectations of $0.67, with revenue increasing by 14.4% year-over-year to $1.84 billion.
• The company announced a quarterly dividend of $0.5425 per share, yielding 3.0%, with the ex-dividend date set for August 8th.

GQG Partners LLC lowered its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 14.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,584 shares of the utilities provider's stock after selling 13,442 shares during the quarter. GQG Partners LLC's holdings in CMS Energy were worth $6,053,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 last quarter. Nuveen LLC acquired a new stake in shares of CMS Energy in the 1st quarter valued at approximately $106,745,000. Zimmer Partners LP acquired a new stake in shares of CMS Energy in the 4th quarter valued at approximately $89,173,000. GAMMA Investing LLC boosted its holdings in shares of CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock valued at $76,110,000 after buying an additional 1,001,838 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of CMS Energy in the 1st quarter valued at approximately $41,611,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, August 8th. The stock was 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 of the company's stock, valued at approximately $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CMS. Morgan Stanley set a $71.00 price target on CMS Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. BMO Capital Markets increased their price target on CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Evercore ISI increased their price target on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Wall Street Zen cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Wells Fargo & Company increased their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $77.25.

CMS Energy Price Performance

NYSE:CMS traded down $0.34 during trading hours on Friday, hitting $72.25. The company's stock had a trading volume of 2,491,515 shares, compared to its average volume of 2,276,168. The stock has a fifty day simple moving average of $71.21 and a 200-day simple moving average of $71.42. The company has a market capitalization of $21.63 billion, a P/E ratio of 21.38, a PEG ratio of 2.69 and a beta of 0.36. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.00 and a quick ratio of 0.77. 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 released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.84 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. On average, analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The company 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 dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio (DPR) is presently 64.20%.

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.