Pacer Advisors Inc. Has $3.05 Million Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Key Points

• Pacer Advisors Inc. has reduced its stake in CMS Energy Corporation by 29.0%, now holding 40,601 shares worth approximately $3,050,000.
• The company recently announced a quarterly dividend of $0.5425 per share, with an annualized yield of 3.00% and a payout ratio of 64.39%.
• CMS Energy stock has experienced fluctuating analyst ratings, recently receiving price targets ranging from $71.00 to $81.00, with an average target of $77.25.

Pacer Advisors Inc. lowered its holdings in CMS Energy Corporation (NYSE:CMS - Free Report) by 29.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,601 shares of the utilities provider's stock after selling 16,547 shares during the period. Pacer Advisors Inc.'s holdings in CMS Energy were worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in CMS Energy by 39.2% in the fourth quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 229 shares in the last quarter. Mizuho Bank Ltd. bought a new position in CMS Energy in the fourth quarter valued at $61,000. Bernard Wealth Management Corp. bought a new position in CMS Energy in the first quarter valued at $72,000. NBC Securities Inc. bought a new position in shares of CMS Energy in the 1st quarter valued at about $75,000. Finally, Covestor Ltd grew its position in shares of 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 period. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CMS shares. Scotiabank reissued an "outperform" rating and issued a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Barclays lifted their price objective 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. Jefferies Financial Group lifted their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Morgan Stanley set a $71.00 target price on shares of CMS Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $77.25.

Insider Transactions at CMS Energy

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

CMS Energy Stock Performance

CMS Energy stock traded up $0.40 during midday trading on Friday, hitting $74.20. The company's stock had a trading volume of 1,104,406 shares, compared to its average volume of 2,482,815. The company has a 50-day moving average price of $70.39 and a two-hundred day moving average price of $70.88. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.68 and a beta of 0.38. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.06 and a quick ratio of 0.84. CMS Energy Corporation has a 1-year low of $63.97 and a 1-year high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results 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 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 13.10% and a return on equity of 12.06%. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. As a group, sell-side analysts predict that CMS Energy Corporation will post 3.59 earnings per share for the current year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be given a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 8th. CMS Energy's dividend payout ratio is currently 64.39%.

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.