Vanguard Group Inc. raised its stake in shares of CMS Energy Corporation (NYSE:CMS) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,512,655 shares of the utilities provider’s stock after buying an additional 1,065,859 shares during the period. Vanguard Group Inc. owned 10.18% of CMS Energy Corporation worth $1,275,656,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of CMS Energy Corporation during the first quarter valued at approximately $212,000. Marshall Wace North America L.P. acquired a new stake in CMS Energy Corporation during the first quarter worth about $13,039,000. MARSHALL WACE ASIA Ltd acquired a new stake in CMS Energy Corporation during the first quarter worth about $13,039,000. Global X Management Co. LLC increased its stake in CMS Energy Corporation by 49.2% in the first quarter. Global X Management Co. LLC now owns 13,892 shares of the utilities provider’s stock worth $622,000 after buying an additional 4,578 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in CMS Energy Corporation by 11.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,830 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,100 shares during the period. 87.09% of the stock is currently owned by institutional investors.
CMS Energy Corporation (NYSE:CMS) traded up 0.13% during trading on Tuesday, hitting $48.02. The company’s stock had a trading volume of 1,269,690 shares. The firm has a market cap of $13.45 billion, a P/E ratio of 22.86 and a beta of 0.15. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $48.37. The firm has a 50 day moving average of $46.52 and a 200 day moving average of $44.10.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. CMS Energy Corporation had a return on equity of 13.94% and a net margin of 9.12%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Friday, May 5th were paid a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Wednesday, May 3rd. CMS Energy Corporation’s payout ratio is 63.03%.
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A number of equities analysts recently weighed in on CMS shares. Zacks Investment Research upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 21st. Evercore ISI raised shares of CMS Energy Corporation to an “outperform” rating in a research report on Monday, March 6th. Deutsche Bank AG boosted their target price on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, April 11th. Barclays PLC reissued an “equal weight” rating and issued a $49.00 target price (up previously from $44.00) on shares of CMS Energy Corporation in a research report on Sunday, April 23rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research note on Tuesday, May 2nd. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.60.
In other news, SVP Catherine M. Reynolds sold 10,246 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $45.49, for a total value of $466,090.54. Following the completion of the sale, the senior vice president now directly owns 113,956 shares of the company’s stock, valued at approximately $5,183,858.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total value of $2,361,500.00. Following the completion of the sale, the insider now owns 187,773 shares in the company, valued at $8,868,518.79. The disclosure for this sale can be found here. Insiders sold a total of 88,246 shares of company stock valued at $4,114,711 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Corporation 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.
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