Great West Life Assurance Co. Can Sells 7,530 Shares of CMS Energy Co. (CMS)

Great West Life Assurance Co. Can decreased its holdings in CMS Energy Co. (NYSE:CMS) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 223,226 shares of the utilities provider’s stock after selling 7,530 shares during the quarter. Great West Life Assurance Co. Can owned 0.08% of CMS Energy worth $10,331,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of CMS Energy by 11.6% during the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock valued at $1,180,906,000 after buying an additional 2,653,503 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of CMS Energy by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after buying an additional 2,145,055 shares during the period. Eaton Vance Management boosted its stake in shares of CMS Energy by 339.0% during the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock valued at $117,209,000 after buying an additional 1,957,005 shares during the period. Janus Henderson Group PLC boosted its stake in shares of CMS Energy by 3,063.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock valued at $60,263,000 after buying an additional 1,261,775 shares during the period. Finally, Brookfield Asset Management Inc. boosted its stake in shares of CMS Energy by 25,046.4% during the 2nd quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock valued at $41,392,000 after buying an additional 891,400 shares during the period. 87.42% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on CMS. Zacks Investment Research lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. KeyCorp reissued a “buy” rating and set a $51.00 target price on shares of CMS Energy in a research note on Friday, September 1st. BidaskClub upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Guggenheim began coverage on shares of CMS Energy in a report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target on the stock. Finally, Bank of America began coverage on shares of CMS Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. CMS Energy currently has a consensus rating of “Buy” and a consensus target price of $48.90.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total value of $48,020.00. Following the transaction, the insider now owns 28,176 shares in the company, valued at approximately $1,353,011.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

CMS Energy Co. (NYSE:CMS) opened at $49.76 on Tuesday. The firm has a market cap of $14,027.31, a price-to-earnings ratio of 25.51, a PEG ratio of 3.54 and a beta of 0.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. CMS Energy Co. has a twelve month low of $39.42 and a twelve month high of $50.85.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 3rd were issued a $0.3325 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.67%. CMS Energy’s dividend payout ratio (DPR) is presently 68.91%.

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CMS Energy Company 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.

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

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