Russell Investments Group Ltd. Trims Stake in CMS Energy Corporation (CMS)

Russell Investments Group Ltd. reduced its stake in shares of CMS Energy Corporation (NYSE:CMS) by 6.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,042,664 shares of the utilities provider’s stock after selling 75,394 shares during the period. Russell Investments Group Ltd. owned about 0.37% of CMS Energy Corporation worth $48,276,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its position in shares of CMS Energy Corporation by 62.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 438 shares during the period. Meeder Asset Management Inc. bought a new position in shares of CMS Energy Corporation during the 2nd quarter valued at approximately $185,000. BlueMountain Capital Management LLC bought a new position in shares of CMS Energy Corporation during the 2nd quarter valued at approximately $217,000. Colony Group LLC bought a new position in shares of CMS Energy Corporation during the 2nd quarter valued at approximately $217,000. Finally, Dana Investment Advisors Inc. grew its position in shares of CMS Energy Corporation by 5.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 4,849 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 249 shares during the period. 87.57% of the stock is owned by hedge funds and other institutional investors.

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Shares of CMS Energy Corporation (CMS) opened at $49.59 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. The firm has a market cap of $13,990.00, a price-to-earnings ratio of 25.43, a PEG ratio of 3.53 and a beta of 0.18. CMS Energy Corporation has a 52-week low of $39.42 and a 52-week high of $50.85.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders 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 dividend yield of 2.68%. The ex-dividend date is Thursday, November 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is currently 68.91%.

Several research analysts recently commented on the stock. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $46.00 to $50.00 in a report on Monday, July 24th. Morgan Stanley set a $49.00 price objective on shares of CMS Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $46.00 price objective on shares of CMS Energy Corporation in a report on Monday, September 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. Finally, BidaskClub raised shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.90.

In related news, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total value of $168,910.00. Following the transaction, the senior vice president now owns 44,835 shares in the company, valued at approximately $2,163,737.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy Corporation stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the transaction, the insider now owns 28,176 shares in the company, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

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

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