Blue Chip Partners Inc. increased its stake in CMS Energy Co. (NYSE:CMS) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,610 shares of the utilities provider’s stock after buying an additional 34 shares during the period. Blue Chip Partners Inc.’s holdings in CMS Energy were worth $206,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. World Asset Management Inc increased its position in CMS Energy by 1.7% in the third quarter. World Asset Management Inc now owns 28,752 shares of the utilities provider’s stock valued at $1,208,000 after buying an additional 482 shares in the last quarter. Capital Fund Management S.A. bought a new position in CMS Energy during the third quarter valued at approximately $937,000. Advisors Asset Management Inc. increased its position in CMS Energy by 18.5% in the third quarter. Advisors Asset Management Inc. now owns 96,548 shares of the utilities provider’s stock valued at $4,056,000 after buying an additional 15,099 shares in the last quarter. LMR Partners LLP increased its position in CMS Energy by 16.0% in the third quarter. LMR Partners LLP now owns 24,416 shares of the utilities provider’s stock valued at $1,026,000 after buying an additional 3,360 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in CMS Energy during the third quarter valued at approximately $378,000. 88.34% of the stock is currently owned by institutional investors.
Shares of CMS Energy Co. (NYSE:CMS) traded up 0.66% on Friday, reaching $46.05. 2,110,728 shares of the company’s stock traded hands. CMS Energy Co. has a 52 week low of $38.78 and a 52 week high of $46.25. The firm’s 50 day moving average is $45.26 and its 200 day moving average is $43.02. The firm has a market capitalization of $12.89 billion, a P/E ratio of 21.92 and a beta of 0.08.
CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.06. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CMS Energy had a net margin of 8.61% and a return on equity of 13.31%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Analysts expect that CMS Energy Co. will post $2.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 5th will be paid a dividend of $0.3325 per share. The ex-dividend date is Wednesday, May 3rd. This represents a $1.33 dividend on an annualized basis and a yield of 2.91%. CMS Energy’s dividend payout ratio (DPR) is presently 66.83%.
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CMS has been the topic of several recent analyst reports. Credit Suisse Group AG initiated coverage on shares of CMS Energy in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $44.00 price target on the stock. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 21st. Evercore ISI raised shares of CMS Energy to an “outperform” rating in a research note on Monday, March 6th. Deutsche Bank AG raised their price target on shares of CMS Energy from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $49.00 price target (up previously from $44.00) on shares of CMS Energy in a research note on Sunday, April 23rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. CMS Energy presently has an average rating of “Hold” and an average target price of $46.60.
In related news, SVP Catherine M. Reynolds sold 10,246 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $45.49, for a total transaction of $466,090.54. Following the sale, the senior vice president now directly owns 113,956 shares in the company, valued at $5,183,858.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total transaction of $91,000.00. Following the sale, the insider now owns 30,022 shares in the company, valued at $1,366,001. The disclosure for this sale can be found here. Insiders have sold 28,246 shares of company stock worth $1,279,011 over the last quarter. Insiders own 0.93% of the company’s stock.
About CMS Energy
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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