Greenleaf Trust reduced its position in CMS Energy Corporation (NYSE:CMS) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,854 shares of the utilities provider’s stock after selling 17 shares during the period. Greenleaf Trust’s holdings in CMS Energy Corporation were worth $826,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of CMS Energy Corporation by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,730 shares of the utilities provider’s stock worth $405,000 after buying an additional 580 shares during the last quarter. Ibex Wealth Advisors raised its position in shares of CMS Energy Corporation by 13.3% in the fourth quarter. Ibex Wealth Advisors now owns 9,556 shares of the utilities provider’s stock worth $405,000 after buying an additional 1,123 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of CMS Energy Corporation during the fourth quarter worth $843,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of CMS Energy Corporation during the fourth quarter worth $376,000. Finally, Macquarie Group Ltd. raised its position in shares of CMS Energy Corporation by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 102,600 shares of the utilities provider’s stock worth $4,271,000 after buying an additional 9,600 shares during the last quarter. Institutional investors own 87.09% of the company’s stock.
Shares of CMS Energy Corporation (NYSE:CMS) opened at 46.53 on Thursday. The firm’s 50-day moving average is $46.71 and its 200-day moving average is $45.03. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 22.15 and a beta of 0.16. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.37.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. CMS Energy Corporation had a net margin of 9.12% and a return on equity of 13.94%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be issued a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 63.03%.
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A number of equities analysts recently weighed in on CMS shares. Deutsche Bank AG boosted their price objective on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Barclays PLC restated an “equal weight” rating and issued a $49.00 price objective (up from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. BMO Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. BidaskClub upgraded shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Finally, Credit Suisse Group upgraded shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $46.00 to $50.00 in a research note on Monday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CMS Energy Corporation currently has an average rating of “Buy” and a consensus target price of $47.25.
In other CMS Energy Corporation news, insider Daniel J. Malone sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $47.42, for a total transaction of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares in the company, valued at approximately $7,047,655.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Glenn P. Barba sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $45.12, for a total transaction of $721,920.00. Following the transaction, the vice president now owns 33,913 shares of the company’s stock, valued at approximately $1,530,154.56. The disclosure for this sale can be found here. Insiders have sold a total of 88,246 shares of company stock valued at $4,114,711 in the last quarter. 0.65% of the stock is currently owned by company insiders.
About CMS Energy Corporation
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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