Townsquare Capital LLC Has $735,000 Stock Holdings in CMS Energy Corporation (NYSE:CMS)

Key Points

• Townsquare Capital LLC increased its holdings in CMS Energy Corporation by 67.0%, owning 9,792 shares valued at $735,000 as of the latest SEC filing.
• CMS Energy reported earnings of $0.71 per share for the quarter, exceeding estimates by $0.04, along with a year-over-year revenue increase of 14.4%.
• The company announced a quarterly dividend of $0.5425, with an annualized dividend yield of 3.0%, and a dividend payout ratio of 64.20%.

Townsquare Capital LLC boosted its holdings in shares of CMS Energy Corporation (NYSE:CMS - Free Report) by 67.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,792 shares of the utilities provider's stock after buying an additional 3,928 shares during the period. Townsquare Capital LLC's holdings in CMS Energy were worth $735,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Zions Bancorporation National Association UT acquired a new position in CMS Energy during the first quarter worth $732,000. Forsta AP Fonden raised its holdings in shares of CMS Energy by 10.9% in the first quarter. Forsta AP Fonden now owns 68,300 shares of the utilities provider's stock valued at $5,130,000 after purchasing an additional 6,700 shares during the last quarter. Nicholson Wealth Management Group LLC raised its holdings in shares of CMS Energy by 0.8% in the first quarter. Nicholson Wealth Management Group LLC now owns 23,337 shares of the utilities provider's stock valued at $1,753,000 after purchasing an additional 174 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of CMS Energy by 11.8% in the first quarter. National Bank of Canada FI now owns 296,676 shares of the utilities provider's stock valued at $22,283,000 after purchasing an additional 31,313 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of CMS Energy by 11.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 533,353 shares of the utilities provider's stock valued at $40,060,000 after purchasing an additional 54,909 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Price Performance

CMS opened at $72.25 on Friday. The company has a market capitalization 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 company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.93. The firm has a 50-day moving average price of $71.21 and a 200-day moving average price of $71.38. CMS Energy Corporation has a twelve month low of $63.97 and a twelve month high of $76.45.

CMS Energy (NYSE:CMS - Get Free Report) last posted its 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.68 billion. CMS Energy had a net margin of 12.76% and a return on equity of 12.07%. The company's revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. Equities analysts expect that CMS Energy Corporation will post 3.59 EPS for the current year.

CMS Energy Announces Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is presently 64.20%.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Friday, August 8th. The shares were 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. This trade represents 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 at the SEC website. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

CMS has been the subject of several analyst reports. Jefferies Financial Group increased their target price on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of CMS Energy from $78.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Evercore ISI increased their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "in-line" rating in a report on Monday, April 28th. Wolfe Research reiterated a "peer perform" rating on shares of CMS Energy in a report on Monday, July 7th. 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 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $77.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.