Gulf International Bank UK Ltd cut its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 26.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,786 shares of the utilities provider's stock after selling 6,050 shares during the period. Gulf International Bank UK Ltd's holdings in CMS Energy were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in CMS. Raymond James Financial Inc. acquired a new position in CMS Energy during the 4th quarter valued at about $24,481,000. Townsquare Capital LLC acquired a new position in CMS Energy during the 4th quarter valued at about $391,000. Mariner LLC raised its position in shares of CMS Energy by 14.7% in the 4th quarter. Mariner LLC now owns 38,738 shares of the utilities provider's stock valued at $2,582,000 after acquiring an additional 4,978 shares during the period. Walleye Capital LLC raised its position in shares of CMS Energy by 100.4% in the 4th quarter. Walleye Capital LLC now owns 15,906 shares of the utilities provider's stock valued at $1,060,000 after acquiring an additional 7,968 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of CMS Energy by 9.8% in the 4th quarter. Guggenheim Capital LLC now owns 48,264 shares of the utilities provider's stock valued at $3,217,000 after acquiring an additional 4,293 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at CMS Energy
In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were 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 of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.
CMS Energy Stock Performance
Shares of CMS stock opened at $72.25 on Friday. The company has a market capitalization of $21.63 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.70 and a beta of 0.36. CMS Energy Corporation has a 52 week low of $63.97 and a 52 week high of $76.45. The company's 50 day moving average price is $71.21 and its two-hundred day moving average price is $71.38. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.77 and a current ratio of 1.00.
CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. On average, analysts expect that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.
CMS Energy Announces Dividend
The firm 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 annualized dividend 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 currently 64.20%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on CMS shares. Barclays increased their price target on shares of CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. BMO Capital Markets increased their price target on shares of CMS Energy from $77.00 to $79.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley set a $71.00 price target on shares of CMS Energy and gave the company an "equal weight" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.25.
Read Our Latest Stock Analysis on CMS Energy
CMS Energy Company Profile
(
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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