Suntrust Banks Inc. lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,572 shares of the utilities provider’s stock after buying an additional 4,834 shares during the period. Suntrust Banks Inc.’s holdings in CMS Energy were worth $13,601,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of CMS Energy by 4.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 30,173 shares of the utilities provider’s stock worth $1,398,000 after buying an additional 1,191 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of CMS Energy by 3.2% during the third quarter. Janney Montgomery Scott LLC now owns 39,061 shares of the utilities provider’s stock worth $1,809,000 after buying an additional 1,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CMS Energy by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,831 shares of the utilities provider’s stock worth $2,632,000 after buying an additional 1,252 shares during the period. Cognios Capital LLC lifted its stake in shares of CMS Energy by 31.6% during the fourth quarter. Cognios Capital LLC now owns 5,750 shares of the utilities provider’s stock worth $271,000 after buying an additional 1,380 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of CMS Energy by 4.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,855 shares of the utilities provider’s stock worth $1,743,000 after buying an additional 1,420 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.
CMS has been the subject of several research reports. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. SunTrust Banks restated a “hold” rating and set a $46.00 target price on shares of CMS Energy in a research report on Tuesday, December 26th. Wells Fargo & Co upgraded shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. Morgan Stanley restated an “equal weight” rating and set a $52.00 target price on shares of CMS Energy in a research report on Wednesday, December 13th. Finally, Guggenheim restated a “hold” rating and set a $50.00 target price on shares of CMS Energy in a research report on Wednesday, January 3rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. CMS Energy currently has a consensus rating of “Buy” and an average price target of $48.54.
In other CMS Energy news, SVP Catherine M. Reynolds sold 8,310 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total value of $360,654.00. Following the completion of the transaction, the senior vice president now owns 126,810 shares in the company, valued at $5,503,554. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Co. (NYSE CMS) opened at $43.02 on Thursday. The stock has a market cap of $12,245.75, a price-to-earnings ratio of 26.23, a P/E/G ratio of 2.94 and a beta of 0.09. CMS Energy Co. has a 1 year low of $40.48 and a 1 year high of $50.85. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 2.06.
CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. equities analysts anticipate that CMS Energy Co. will post 2.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a $0.3575 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s dividend payout ratio is 87.20%.
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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