Federated Investors Inc. PA grew its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 41.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,429 shares of the utilities provider’s stock after purchasing an additional 4,521 shares during the quarter. Federated Investors Inc. PA’s holdings in CMS Energy Corporation were worth $713,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CMS. Van ECK Associates Corp lifted its stake in shares of CMS Energy Corporation by 18.0% during the 1st quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 370 shares during the period. Brookfield Asset Management Inc. purchased a new position in shares of CMS Energy Corporation during the 1st quarter worth $159,000. Meeder Asset Management Inc. purchased a new position in shares of CMS Energy Corporation during the 2nd quarter worth $185,000. Laurion Capital Management LP purchased a new position in shares of CMS Energy Corporation during the 1st quarter worth $201,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of CMS Energy Corporation during the 2nd quarter worth $205,000. 87.37% of the stock is currently owned by institutional investors.
CMS Energy Corporation (CMS) opened at 47.63 on Tuesday. The company has a 50 day moving average price of $47.89 and a 200 day moving average price of $46.39. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 24.06 and a beta of 0.17. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $49.11.
CMS Energy Corporation (NYSE:CMS) last released its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Equities research analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio is 66.83%.
A number of research analysts have weighed in on the company. Morgan Stanley assumed coverage on CMS Energy Corporation in a research note on Monday, July 31st. They set an “equal weight” rating and a $47.00 price target on the stock. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and issued a $51.00 target price on shares of CMS Energy Corporation in a research report on Friday, September 1st. BidaskClub raised CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Guggenheim assumed coverage on CMS Energy Corporation in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $48.20.
In other news, SVP Brian F. Rich sold 3,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Garrick J. Rochow sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.81, for a total transaction of $95,620.00. Following the transaction, the insider now owns 64,307 shares in the company, valued at approximately $3,074,517.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,836 shares of company stock valued at $561,118. Company insiders own 0.65% of the company’s stock.
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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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