Mitsubishi UFJ Trust & Banking Corp Sells 22,348 Shares of CMS Energy Co. (CMS)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 657,281 shares of the utilities provider’s stock after selling 22,348 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.23% of CMS Energy worth $30,445,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CMS. Archford Capital Strategies LLC increased its stake in CMS Energy by 62.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 438 shares in the last quarter. IBM Retirement Fund bought a new stake in CMS Energy during the 3rd quarter valued at $205,000. Campbell & CO Investment Adviser LLC bought a new stake in CMS Energy during the 3rd quarter valued at $216,000. Colony Group LLC bought a new stake in CMS Energy during the 2nd quarter valued at $217,000. Finally, BlueMountain Capital Management LLC bought a new stake in CMS Energy during the 2nd quarter valued at $217,000. Institutional investors and hedge funds own 87.42% of the company’s stock.

CMS Energy Co. (NYSE:CMS) opened at $49.76 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. The stock has a market cap of $14,027.31, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 3.54 and a beta of 0.19. CMS Energy Co. has a fifty-two week low of $39.42 and a fifty-two week high of $50.85.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data 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. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. sell-side analysts anticipate that CMS Energy Co. will post 2.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 3rd were issued a $0.3325 dividend. 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 dividend payout ratio (DPR) is currently 68.91%.

A number of brokerages have commented on CMS. BidaskClub upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Morgan Stanley set a $49.00 price target on shares of CMS Energy and gave the company a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $51.00 price objective on shares of CMS Energy in a report on Friday, October 20th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $47.00 price objective on shares of CMS Energy in a report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $48.90.

In related news, insider David G. Mengebier sold 2,500 shares of the business’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 filing with the SEC, which can be accessed through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

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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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