Scout Investments Inc. lessened its holdings in CMS Energy Co. (NYSE:CMS) by 92.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,340 shares of the utilities provider’s stock after selling 657,339 shares during the quarter. Scout Investments Inc.’s holdings in CMS Energy were worth $2,280,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. bought a new stake in shares of CMS Energy in the 4th quarter worth about $223,000. Xact Kapitalforvaltning AB grew its holdings in shares of CMS Energy by 16.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 26,600 shares of the utilities provider’s stock worth $1,258,000 after purchasing an additional 3,791 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of CMS Energy by 119.3% in the 4th quarter. State of Tennessee Treasury Department now owns 302,121 shares of the utilities provider’s stock worth $14,291,000 after purchasing an additional 164,366 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of CMS Energy by 11.6% in the 4th quarter. Victory Capital Management Inc. now owns 85,644 shares of the utilities provider’s stock worth $4,051,000 after purchasing an additional 8,905 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of CMS Energy by 5.8% in the 4th quarter. Jennison Associates LLC now owns 2,403,462 shares of the utilities provider’s stock worth $113,684,000 after purchasing an additional 132,516 shares during the last quarter. 88.23% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday. SunTrust Banks set a $46.00 target price on shares of CMS Energy and gave the stock a “hold” rating in a report on Monday, March 19th. TheStreet lowered shares of CMS Energy from a “b” rating to a “c+” rating in a report on Wednesday, February 14th. Morgan Stanley upped their target price on shares of CMS Energy from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, April 16th. Finally, Wells Fargo & Co lowered their target price on shares of CMS Energy from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.08.
Shares of NYSE CMS opened at $45.62 on Friday. The stock has a market cap of $12.78 billion, a P/E ratio of 19.50, a P/E/G ratio of 3.05 and a beta of 0.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.89. CMS Energy Co. has a 12-month low of $40.48 and a 12-month high of $50.85.
CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 26th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. CMS Energy had a net margin of 7.48% and a return on equity of 14.33%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts forecast that CMS Energy Co. will post 2.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 4th will be given a dividend of $0.3575 per share. The ex-dividend date is Thursday, May 3rd. This represents a $1.43 dividend on an annualized basis and a yield of 3.13%. CMS Energy’s payout ratio is presently 65.90%.
In other CMS Energy news, VP Glenn P. Barba sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $46.85, for a total transaction of $468,500.00. Following the transaction, the vice president now directly owns 32,161 shares in the company, valued at approximately $1,506,742.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $44.11, for a total transaction of $44,110.00. Following the transaction, the insider now owns 30,753 shares in the company, valued at $1,356,514.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,611 shares of company stock worth $817,617. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Company Profile
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.
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