Partners Group Holding AG Increases Holdings in CMS Energy Corporation (NYSE:CMS)

Key Points

• Partners Group Holding AG increased its stake in CMS Energy Corporation by 3.7%, owning 682,096 shares, which now constitutes 2.1% of its investment portfolio.
• CMS Energy reported a strong quarterly earnings result with $0.71 earnings per share, surpassing analysts' expectations of $0.67, along with a revenue of $1.84 billion.
• The company declared a quarterly dividend of $0.5425 to be paid on August 29th, representing an annualized dividend yield of 3.0%.

Partners Group Holding AG lifted its position in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 682,096 shares of the utilities provider's stock after buying an additional 24,347 shares during the period. CMS Energy comprises 2.1% of Partners Group Holding AG's investment portfolio, making the stock its 11th largest position. Partners Group Holding AG owned 0.23% of CMS Energy worth $51,232,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Optiver Holding B.V. grew its position in CMS Energy by 39.2% during the 4th quarter. Optiver Holding B.V. now owns 813 shares of the utilities provider's stock worth $54,000 after acquiring an additional 229 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in CMS Energy during the 1st quarter worth approximately $72,000. Quarry LP grew its position in CMS Energy by 36.5% during the 4th quarter. Quarry LP now owns 1,118 shares of the utilities provider's stock worth $75,000 after acquiring an additional 299 shares during the last quarter. NBC Securities Inc. bought a new position in CMS Energy during the 1st quarter worth approximately $75,000. Finally, TD Waterhouse Canada Inc. grew its position in CMS Energy by 46.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,191 shares of the utilities provider's stock worth $79,000 after acquiring an additional 376 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $73.62, for a total value of $147,240.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate insiders.

CMS Energy Price Performance

Shares of CMS stock opened at $72.25 on Friday. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.70 and a beta of 0.36. The business's fifty day moving average is $71.21 and its 200 day moving average is $71.38. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month 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.

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 return on equity of 12.07% and a net margin of 12.76%. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts expect that CMS Energy Corporation will post 3.59 EPS 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 $0.5425 dividend. 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMS. BMO Capital Markets lifted their price objective on CMS Energy from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Barclays lifted their price objective on CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Scotiabank reiterated an "outperform" rating and issued a $81.00 price objective (up from $77.00) on shares of CMS Energy in a research report on Friday, April 25th. Morgan Stanley set a $71.00 price objective on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Finally, 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 research report on Monday, April 21st. 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.25.

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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