Gabelli Funds LLC Has $13.10 Million Stake in CMS Energy Co. (NYSE:CMS)

Gabelli Funds LLC lowered its position in CMS Energy Co. (NYSE:CMSGet Rating) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 201,325 shares of the utilities provider’s stock after selling 825 shares during the quarter. Gabelli Funds LLC’s holdings in CMS Energy were worth $13,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in CMS. Marshall Wace LLP bought a new position in CMS Energy during the first quarter worth about $137,000. Morgan Stanley boosted its stake in shares of CMS Energy by 278.0% during the 2nd quarter. Morgan Stanley now owns 1,376,040 shares of the utilities provider’s stock worth $81,296,000 after acquiring an additional 1,011,975 shares during the period. Creative Planning increased its holdings in shares of CMS Energy by 18.1% during the 3rd quarter. Creative Planning now owns 16,191 shares of the utilities provider’s stock worth $967,000 after acquiring an additional 2,486 shares during the last quarter. Rafferty Asset Management LLC raised its stake in CMS Energy by 51.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 10,216 shares of the utilities provider’s stock valued at $610,000 after acquiring an additional 3,461 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in CMS Energy by 0.6% during the third quarter. Mutual of America Capital Management LLC now owns 38,003 shares of the utilities provider’s stock worth $2,270,000 after purchasing an additional 222 shares during the period. 91.05% of the stock is owned by institutional investors.

Shares of CMS Energy stock opened at $68.83 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.68. CMS Energy Co. has a 12-month low of $57.92 and a 12-month high of $73.76. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.86 and a beta of 0.26. The firm’s 50-day moving average price is $69.64 and its two-hundred day moving average price is $65.42.

CMS Energy (NYSE:CMSGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. CMS Energy had a net margin of 17.65% and a return on equity of 11.83%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the business posted $1.21 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, sell-side analysts expect that CMS Energy Co. will post 2.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Friday, May 6th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, May 5th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.67%. CMS Energy’s dividend payout ratio (DPR) is currently 39.48%.

CMS has been the subject of several research analyst reports. Barclays downgraded shares of CMS Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $70.00 to $76.00 in a report on Tuesday, April 19th. Argus upped their target price on CMS Energy from $70.00 to $78.00 in a research report on Friday, April 1st. Credit Suisse Group began coverage on CMS Energy in a report on Monday, April 25th. They set a “neutral” rating and a $76.00 price target for the company. Morgan Stanley boosted their price target on CMS Energy from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Finally, Evercore ISI reiterated a “hold” rating and set a $67.00 price objective on shares of CMS Energy in a research report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $71.33.

In other CMS Energy news, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $69.20, for a total transaction of $69,200.00. Following the sale, the senior vice president now owns 35,241 shares of the company’s stock, valued at $2,438,677.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Catherine A. Hendrian sold 6,521 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $66.09, for a total value of $430,972.89. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

CMS Energy Company Profile (Get Rating)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

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

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