Qtron Investments LLC lifted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 40.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,538 shares of the utilities provider's stock after acquiring an additional 4,218 shares during the quarter. Qtron Investments LLC's holdings in CMS Energy were worth $1,092,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its position in CMS Energy by 1.3% in the first quarter. Northern Trust Corp now owns 3,026,335 shares of the utilities provider's stock worth $227,308,000 after purchasing an additional 39,846 shares during the period. Brooklyn Investment Group lifted its holdings in shares of CMS Energy by 121.7% in the first quarter. Brooklyn Investment Group now owns 1,448 shares of the utilities provider's stock valued at $109,000 after purchasing an additional 795 shares in the last quarter. Partners Group Holding AG increased its stake in shares of CMS Energy by 3.7% in the first quarter. Partners Group Holding AG now owns 682,096 shares of the utilities provider's stock worth $51,232,000 after acquiring an additional 24,347 shares during the last quarter. American Century Companies Inc. increased its stake in shares of CMS Energy by 7.7% in the first quarter. American Century Companies Inc. now owns 85,572 shares of the utilities provider's stock worth $6,427,000 after acquiring an additional 6,133 shares during the last quarter. Finally, Horizon Investments LLC increased its stake in shares of CMS Energy by 5.1% in the first quarter. Horizon Investments LLC now owns 4,349 shares of the utilities provider's stock worth $324,000 after acquiring an additional 210 shares during the last quarter. 93.57% of the stock is owned by institutional investors.
CMS Energy Price Performance
Shares of NYSE CMS opened at $72.25 on Monday. CMS Energy Corporation has a fifty-two week low of $63.97 and a fifty-two week high of $76.45. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 2.69 and a beta of 0.36. The firm's 50-day simple moving average is $71.21 and its 200 day simple moving average is $71.46. 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 released 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 business had revenue of $1.84 billion for 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 firm'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 earnings per share. As a group, research analysts anticipate that CMS Energy Corporation will post 3.59 earnings per share for the current fiscal year.
CMS Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 8th will be issued a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 8th. CMS Energy's dividend payout ratio is 64.20%.
Insiders Place Their Bets
In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 sale, the senior vice president owned 68,036 shares of the company's stock, valued at approximately $5,008,810.32. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on CMS shares. Barclays upped their target price on shares of CMS Energy from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Wall Street Zen lowered shares of CMS Energy from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Scotiabank reaffirmed 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. Evercore ISI boosted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $77.25.
Check Out Our Latest Analysis on CMS Energy
About CMS Energy
(
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.
Further Reading
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