BlackRock Inc. increased its position in CMS Energy Co. (NYSE:CMS) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,534,036 shares of the utilities provider’s stock after acquiring an additional 2,182,812 shares during the period. BlackRock Inc. owned about 0.10% of CMS Energy worth $1,302,359,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Schroder Investment Management Group grew its holdings in shares of CMS Energy by 1.9% in the fourth quarter. Schroder Investment Management Group now owns 1,176,877 shares of the utilities provider’s stock worth $55,666,000 after acquiring an additional 21,564 shares during the period. TTP Investments Inc. bought a new stake in shares of CMS Energy in the fourth quarter worth $2,083,000. Rhumbline Advisers grew its holdings in shares of CMS Energy by 1.9% in the fourth quarter. Rhumbline Advisers now owns 596,705 shares of the utilities provider’s stock worth $28,224,000 after acquiring an additional 11,011 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of CMS Energy by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,855 shares of the utilities provider’s stock worth $1,743,000 after acquiring an additional 1,420 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of CMS Energy by 8.1% in the fourth quarter. Arizona State Retirement System now owns 271,632 shares of the utilities provider’s stock worth $12,848,000 after acquiring an additional 20,276 shares during the period. 89.23% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. SunTrust Banks reissued a “hold” rating and set a $45.00 price target on shares of CMS Energy in a report on Monday, January 29th. Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Wells Fargo & Co cut their price target on CMS Energy from $55.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Bank of America assumed coverage on CMS Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target for the company. Finally, UBS Group assumed coverage on CMS Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $49.00 price target for the company. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. CMS Energy has an average rating of “Buy” and a consensus target price of $48.54.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a return on equity of 13.60% and a net margin of 6.99%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. equities research analysts expect that CMS Energy Co. will post 2.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be paid a $0.3575 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.30%. CMS Energy’s dividend payout ratio is 87.20%.
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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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