Swiss National Bank Raises Holdings in CMS Energy Corporation (CMS)

Swiss National Bank grew its stake in CMS Energy Corporation (NYSE:CMS) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,142,000 shares of the utilities provider’s stock after purchasing an additional 10,600 shares during the quarter. Swiss National Bank owned about 404,950.18% of CMS Energy Corporation worth $52,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in CMS Energy Corporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after purchasing an additional 764,989 shares in the last quarter. BlackRock Inc. raised its holdings in CMS Energy Corporation by 11.6% in the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after purchasing an additional 2,653,503 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in CMS Energy Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after purchasing an additional 2,145,055 shares in the last quarter. Eaton Vance Management raised its holdings in CMS Energy Corporation by 339.0% in the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after purchasing an additional 1,957,005 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in CMS Energy Corporation by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 2,303,605 shares of the utilities provider’s stock worth $106,547,000 after purchasing an additional 136,836 shares in the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.

CMS Energy Corporation (NYSE:CMS) opened at $49.63 on Tuesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. The stock has a market cap of $13,894.77, a PE ratio of 25.27, a P/E/G ratio of 3.51 and a beta of 0.18. CMS Energy Corporation has a 12 month low of $38.92 and a 12 month high of $49.85.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy Corporation had a net margin of 8.38% and a return on equity of 12.30%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the firm posted $0.70 EPS. CMS Energy Corporation’s revenue for the quarter was down 3.8% on a year-over-year basis. analysts anticipate that CMS Energy Corporation will post 2.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 3rd will be given a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is 68.91%.

In related news, insider Garrick J. Rochow sold 2,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now directly owns 64,307 shares of the company’s stock, valued at approximately $3,074,517.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the sale, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock worth $312,550 over the last three months. 0.65% of the stock is currently owned by insiders.

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Several research analysts have commented on CMS shares. BMO Capital Markets restated a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. KeyCorp restated a “buy” rating and issued a $51.00 price objective on shares of CMS Energy Corporation in a report on Friday, September 1st. BidaskClub upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Bank of America Corporation started coverage on shares of CMS Energy Corporation in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price objective for the company. Finally, Morgan Stanley started coverage on shares of CMS Energy Corporation in a report on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CMS Energy Corporation presently has a consensus rating of “Buy” and an average price target of $48.90.

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

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