Piedmont Investment Advisors LLC purchased a new stake in CMS Energy Co. (NYSE:CMS) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,309 shares of the utilities provider’s stock, valued at approximately $156,000.
Several other large investors also recently bought and sold shares of CMS. BlackRock Inc. increased its holdings in shares of CMS Energy by 5.4% in the first quarter. BlackRock Inc. now owns 29,023,347 shares of the utilities provider’s stock valued at $1,314,466,000 after purchasing an additional 1,489,311 shares during the last quarter. Eaton Vance Management increased its holdings in shares of CMS Energy by 72.8% in the first quarter. Eaton Vance Management now owns 3,516,719 shares of the utilities provider’s stock valued at $159,272,000 after purchasing an additional 1,481,117 shares during the last quarter. Scout Investments Inc. increased its holdings in shares of CMS Energy by 2,602.1% in the second quarter. Scout Investments Inc. now owns 1,360,227 shares of the utilities provider’s stock valued at $64,312,000 after purchasing an additional 1,309,887 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of CMS Energy in the first quarter valued at approximately $56,726,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $47,873,000. 89.07% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $44.11, for a total value of $44,110.00. Following the completion of the transaction, the insider now directly owns 30,753 shares in the company, valued at $1,356,514.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.65% of the company’s stock.
Shares of CMS Energy stock opened at $48.37 on Friday. The company has a market capitalization of $13.72 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.35 and a beta of 0.06. CMS Energy Co. has a fifty-two week low of $40.48 and a fifty-two week high of $50.85. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 1.99.
CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.38 billion. CMS Energy had a return on equity of 15.14% and a net margin of 8.13%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. equities research analysts predict that CMS Energy Co. will post 2.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 3rd will be given a $0.3575 dividend. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $1.43 annualized dividend and a yield of 2.96%. CMS Energy’s payout ratio is 65.90%.
About CMS Energy
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
Featured Article: How to Invest in Growth Stocks
Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.