National Pension Service Boosts Stake in CMS Energy Corporation (NYSE:CMS)

Key Points

• The National Pension Service increased its stake in CMS Energy Corporation by 2.7%, owning approximately 401,212 shares valued at $30.1 million as of the latest SEC filing.
• Analysts have raised their price targets for CMS Energy, with average estimates reaching $77.25, reflecting a consensus rating of "Hold" and several "Buy" recommendations.
• CMS Energy reported a quarterly earnings per share (EPS) of $0.71, surpassing analysts' expectations, with a net margin of 12.76% and an anticipated annual EPS of 3.59.

National Pension Service increased its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 401,212 shares of the utilities provider's stock after acquiring an additional 10,446 shares during the period. National Pension Service owned approximately 0.13% of CMS Energy worth $30,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in CMS Energy in the fourth quarter valued at approximately $24,481,000. Townsquare Capital LLC purchased a new position in shares of CMS Energy during the 4th quarter valued at approximately $391,000. Mariner LLC grew its stake in 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 increased its holdings in CMS Energy by 100.4% in the 4th quarter. Walleye Capital LLC now owns 15,906 shares of the utilities provider's stock worth $1,060,000 after acquiring an additional 7,968 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in CMS Energy by 9.8% during the fourth quarter. Guggenheim Capital LLC now owns 48,264 shares of the utilities provider's stock worth $3,217,000 after acquiring an additional 4,293 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CMS shares. BMO Capital Markets lifted their target price 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. Jefferies Financial Group lifted their price objective on CMS Energy from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Evercore ISI increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Wells Fargo & Company raised their target price on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $77.25.

CMS Energy Stock Down 0.5%

Shares of NYSE:CMS opened at $72.25 on Friday. CMS Energy Corporation has a 52-week low of $63.97 and a 52-week high of $76.45. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The business has a fifty day moving average of $71.21 and a two-hundred day moving average of $71.38. The stock has a market cap of $21.63 billion, a P/E ratio of 21.38, a PEG ratio of 2.70 and a beta of 0.36.

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

CMS Energy Announces Dividend

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

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $5,008,810.32. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company's stock.

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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