National Bank of Canada FI Increases Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Key Points

• National Bank of Canada FI increased its stake in CMS Energy Corporation by 11.8%, owning approximately 296,676 shares worth $22.28 million after acquiring an additional 31,313 shares.
• CMS Energy reported earnings of $0.71 per share for the latest quarter, surpassing analyst expectations of $0.67, with revenues of $1.84 billion.
• The company announced a quarterly dividend of $0.5425 per share, translating to a 3.0% yield, payable on August 29th to shareholders recorded by August 8th.

National Bank of Canada FI increased its stake in CMS Energy Corporation (NYSE:CMS - Free Report) by 11.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 296,676 shares of the utilities provider's stock after purchasing an additional 31,313 shares during the period. National Bank of Canada FI owned approximately 0.10% of CMS Energy worth $22,283,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CMS. Optiver Holding B.V. increased its position in shares of CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after purchasing an additional 229 shares during the period. Covestor Ltd raised its stake in CMS Energy by 51.9% during the fourth quarter. Covestor Ltd now owns 1,065 shares of the utilities provider's stock worth $71,000 after acquiring an additional 364 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of CMS Energy in the 1st quarter valued at approximately $72,000. Quarry LP grew its holdings in shares of CMS Energy by 36.5% during the 4th quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock valued at $75,000 after purchasing an additional 299 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in CMS Energy during the 1st quarter worth approximately $75,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMS. Scotiabank reaffirmed an "outperform" rating and set a $81.00 target price (up previously from $77.00) on shares of CMS Energy in a research note on Friday, April 25th. Wolfe Research restated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Morgan Stanley set a $71.00 target price on CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. BMO Capital Markets lifted 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. Finally, Barclays lifted their price target on CMS Energy from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. One research 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $77.25.

CMS Energy Trading Down 0.4%

CMS stock traded down $0.29 during mid-day trading on Friday, reaching $72.30. The company's stock had a trading volume of 640,057 shares, compared to its average volume of 2,474,273. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. The business's 50 day moving average price is $71.16 and its 200 day moving average price is $71.34. 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 12 month low of $63.97 and a 12 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 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a return on equity of 12.07% and a net margin of 12.76%. The company's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, equities research analysts predict that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Dividend Announcement

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

Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 68,036 shares in the company, valued at $5,008,810.32. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy 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.