CMS Energy Co. (CMS) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC cut its stake in shares of CMS Energy Co. (NYSE:CMS) by 84.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 50,037 shares of the utilities provider’s stock after selling 280,894 shares during the period. Citadel Advisors LLC’s holdings in CMS Energy were worth $2,318,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in CMS Energy by 10.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,935 shares of the utilities provider’s stock worth $1,062,000 after acquiring an additional 2,099 shares during the period. Trexquant Investment LP acquired a new position in CMS Energy during the third quarter worth $556,000. Achmea Investment Management B.V. raised its position in CMS Energy by 269.9% during the third quarter. Achmea Investment Management B.V. now owns 18,352 shares of the utilities provider’s stock worth $850,000 after acquiring an additional 13,391 shares during the period. JPMorgan Chase & Co. raised its position in CMS Energy by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock worth $995,424,000 after acquiring an additional 694,563 shares during the period. Finally, Legal & General Group Plc raised its position in CMS Energy by 4.8% during the third quarter. Legal & General Group Plc now owns 2,413,120 shares of the utilities provider’s stock worth $111,775,000 after acquiring an additional 109,515 shares during the period. Institutional investors own 87.42% of the company’s stock.

Shares of CMS Energy Co. (CMS) opened at $49.74 on Monday. CMS Energy Co. has a 1-year low of $39.42 and a 1-year high of $50.85. The stock has a market cap of $14,027.31, a price-to-earnings ratio of 25.51, a PEG ratio of 3.54 and a beta of 0.19. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities research analysts forecast that CMS Energy Co. will post 2.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, November 2nd. CMS Energy’s payout ratio is 68.91%.

In related news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the sale, the insider now directly owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

A number of research firms have weighed in on CMS. Morgan Stanley set a $49.00 price objective on shares of CMS Energy and gave the stock a “hold” rating in a research report on Thursday, August 10th. Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy in a research report on Monday, September 11th. BidaskClub upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.90.

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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.

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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