CMS Energy Corporation (NYSE:CMS) Shares Acquired by RWC Asset Management LLP

Key Points

• RWC Asset Management LLP increased its stake in CMS Energy Corporation by 37.6% during Q1, now owning 514,375 shares, which constitutes 2.0% of its portfolio.
• CMS Energy's SVP Brandon J. Hofmeister sold 2,198 shares at an average price of $73.61, reducing their position by 3.06%.
• The company will pay a quarterly dividend of $0.5425 per share on August 29th, reflecting an annualized yield of 2.98%.

RWC Asset Management LLP grew its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 37.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 514,375 shares of the utilities provider's stock after acquiring an additional 140,618 shares during the period. CMS Energy comprises about 2.0% of RWC Asset Management LLP's investment portfolio, making the stock its 13th biggest holding. RWC Asset Management LLP owned approximately 0.17% of CMS Energy worth $38,635,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in CMS Energy by 32.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider's stock worth $950,227,000 after acquiring an additional 3,486,074 shares during the last quarter. Norges Bank acquired a new position in CMS Energy during the fourth quarter valued at $171,798,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of CMS Energy by 28.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after purchasing an additional 2,131,269 shares during the period. Zimmer Partners LP purchased a new position in shares of CMS Energy during the 4th quarter valued at $89,173,000. Finally, GAMMA Investing LLC increased its position in CMS Energy by 8,733.7% in the 1st quarter. GAMMA Investing LLC now owns 1,013,309 shares of the utilities provider's stock worth $76,110,000 after purchasing an additional 1,001,838 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

CMS Energy Price Performance

CMS traded up $1.24 during trading on Thursday, reaching $73.41. 1,611,316 shares of the company traded hands, compared to its average volume of 2,475,970. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The company has a market cap of $21.96 billion, a P/E ratio of 21.78, a PEG ratio of 2.69 and a beta of 0.38. CMS Energy Corporation has a 12-month low of $63.97 and a 12-month high of $76.45. The firm has a fifty day simple moving average of $70.29 and a 200 day simple moving average of $70.81.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.08. CMS Energy had a net margin of 13.10% and a return on equity of 12.06%. During the same quarter in the prior year, the business posted $0.66 EPS. The firm's revenue was up 14.4% on a year-over-year basis. On average, equities analysts forecast that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors 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 dividend on an annualized basis and a yield of 2.96%. CMS Energy's dividend payout ratio is currently 64.39%.

Analyst Ratings Changes

CMS has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of CMS Energy in a research report on Monday, July 7th. Morgan Stanley set a $71.00 price target on CMS Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price objective on CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen cut shares of CMS Energy from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Jefferies Financial Group lifted their price objective on CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $77.25.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,198 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total transaction of $161,794.78. Following the transaction, the senior vice president directly owned 69,571 shares in the company, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

About CMS Energy

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.