First Quadrant L P CA increased its holdings in CMS Energy Corporation (NYSE:CMS) by 105.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 368,313 shares of the utilities provider’s stock after acquiring an additional 188,797 shares during the quarter. First Quadrant L P CA owned about 0.13% of CMS Energy Corporation worth $17,060,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in CMS. Archford Capital Strategies LLC lifted its stake in CMS Energy Corporation by 62.0% in the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 438 shares during the period. Meeder Asset Management Inc. purchased a new stake in CMS Energy Corporation in the second quarter worth $185,000. Trust Co. of Toledo NA OH purchased a new stake in CMS Energy Corporation in the second quarter worth $205,000. BlueMountain Capital Management LLC purchased a new stake in CMS Energy Corporation in the second quarter worth $217,000. Finally, Colony Group LLC purchased a new stake in CMS Energy Corporation in the second quarter worth $217,000. 87.26% of the stock is owned by institutional investors.
In other CMS Energy Corporation news, insider Garrick J. Rochow sold 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $47.81, for a total value of $95,620.00. Following the completion of the sale, the insider now directly owns 64,307 shares in the company, valued at approximately $3,074,517.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. Insiders sold a total of 11,836 shares of company stock valued at $561,118 over the last quarter. Company insiders own 0.65% of the company’s stock.
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CMS has been the subject of a number of research analyst reports. BidaskClub lowered CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. KeyCorp reaffirmed a “buy” rating and issued a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, September 1st. Morgan Stanley raised their price target on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Guggenheim initiated coverage on CMS Energy Corporation in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 price target for the company. Finally, Bank of America Corporation initiated coverage on CMS Energy Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price target for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.90.
Shares of CMS Energy Corporation (NYSE CMS) traded down 0.280% during trading on Monday, reaching $48.065. The company’s stock had a trading volume of 79,147 shares. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 24.275 and a beta of 0.16. The company has a 50-day moving average price of $47.38 and a 200-day moving average price of $46.88. CMS Energy Corporation has a one year low of $38.78 and a one year high of $49.11.
CMS Energy Corporation (NYSE:CMS) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy Corporation’s dividend payout ratio is 68.91%.
CMS Energy Corporation 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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