Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of CMS Energy Co. (NYSE:CMS) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,935 shares of the utilities provider’s stock after purchasing an additional 2,099 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CMS Energy were worth $1,062,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of CMS Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after buying an additional 764,989 shares during the last quarter. BlackRock Inc. increased its stake in shares of CMS Energy by 11.6% in the second quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after buying an additional 2,653,503 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of CMS Energy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock worth $995,424,000 after buying an additional 694,563 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of CMS Energy by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock worth $649,344,000 after buying an additional 596,628 shares during the last quarter. Finally, Eaton Vance Management increased its stake in shares of CMS Energy by 339.0% in the second quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after buying an additional 1,957,005 shares during the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the transaction, 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. Insiders own 0.65% of the company’s stock.
Shares of CMS Energy Co. (CMS) opened at $49.31 on Wednesday. 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 Co. has a 12 month low of $39.85 and a 12 month high of $50.85. The firm has a market cap of $14,032.95, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.19.
CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the 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 firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The firm’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 year.
The company also recently declared 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 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, November 2nd. CMS Energy’s dividend payout ratio (DPR) is 68.91%.
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About CMS Energy
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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