Federated Investors Inc. PA decreased its position in shares of CMS Energy Co. (NYSE:CMS) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,858 shares of the utilities provider’s stock after selling 5,721 shares during the period. Federated Investors Inc. PA’s holdings in CMS Energy were worth $493,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMS. Capital Research Global Investors increased its position in shares of CMS Energy by 14.5% in the third quarter. Capital Research Global Investors now owns 10,906,300 shares of the utilities provider’s stock valued at $458,174,000 after buying an additional 1,379,934 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $32,179,000. BlackRock Institutional Trust Company N.A. increased its position in shares of CMS Energy by 7.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,976,826 shares of the utilities provider’s stock valued at $377,116,000 after buying an additional 649,534 shares during the period. Crow Point Partners LLC purchased a new position in shares of CMS Energy during the third quarter valued at approximately $25,206,000. Finally, Morgan Stanley increased its position in shares of CMS Energy by 65.4% in the third quarter. Morgan Stanley now owns 1,108,825 shares of the utilities provider’s stock valued at $46,582,000 after buying an additional 438,499 shares during the period. Institutional investors and hedge funds own 88.34% of the company’s stock.
Shares of CMS Energy Co. (NYSE:CMS) traded up 0.80% during mid-day trading on Friday, hitting $45.18. 1,536,853 shares of the stock traded hands. CMS Energy Co. has a one year low of $38.78 and a one year high of $46.25. The company’s 50 day moving average is $44.81 and its 200 day moving average is $42.38. The firm has a market capitalization of $12.63 billion, a P/E ratio of 22.82 and a beta of 0.08.
CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, February 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The business earned $1.64 billion during the quarter, compared to analyst estimates of $2.15 billion. CMS Energy had a return on equity of 13.31% and a net margin of 8.61%. CMS Energy’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts expect that CMS Energy Co. will post $2.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 5th will be paid a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 2.97%. The ex-dividend date is Wednesday, May 3rd. CMS Energy’s dividend payout ratio is currently 66.83%.
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Several brokerages recently commented on CMS. Deutsche Bank AG lifted their target price on shares of CMS Energy from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Evercore ISI upgraded shares of CMS Energy to an “outperform” rating in a report on Monday, March 6th. Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday, March 8th. Royal Bank of Canada restated a “hold” rating and issued a $46.00 price target on shares of CMS Energy in a research report on Wednesday, January 4th. Finally, Credit Suisse Group AG assumed coverage on shares of CMS Energy in a research report on Wednesday, January 25th. They issued a “neutral” rating and a $44.00 price target on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.13.
CMS Energy Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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