GSA Capital Partners LLP Takes $610,000 Position in CMS Energy Co. (CMS)

GSA Capital Partners LLP bought a new position in shares of CMS Energy Co. (NYSE:CMS) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 12,894 shares of the utilities provider’s stock, valued at approximately $610,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Martingale Asset Management L P boosted its holdings in shares of CMS Energy by 11.1% in the 2nd quarter. Martingale Asset Management L P now owns 881,801 shares of the utilities provider’s stock valued at $41,692,000 after purchasing an additional 87,949 shares in the last quarter. Stevens Capital Management LP boosted its holdings in shares of CMS Energy by 122.9% in the 2nd quarter. Stevens Capital Management LP now owns 211,217 shares of the utilities provider’s stock valued at $9,986,000 after purchasing an additional 116,466 shares in the last quarter. Swiss National Bank boosted its holdings in shares of CMS Energy by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,261,300 shares of the utilities provider’s stock valued at $59,634,000 after purchasing an additional 33,700 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of CMS Energy by 6.9% in the 2nd quarter. Keybank National Association OH now owns 721,026 shares of the utilities provider’s stock valued at $34,090,000 after purchasing an additional 46,392 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of CMS Energy by 267.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,128 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 2,276 shares in the last quarter. Institutional investors own 89.62% of the company’s stock.

NYSE CMS opened at $50.38 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.68 and a current ratio of 0.90. CMS Energy Co. has a twelve month low of $40.48 and a twelve month high of $50.85. The firm has a market cap of $14.25 billion, a P/E ratio of 20.37, a PEG ratio of 3.48 and a beta of 0.01.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. CMS Energy had a return on equity of 15.14% and a net margin of 8.13%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted $0.33 EPS. CMS Energy’s revenue for the quarter was up 3.0% on a year-over-year basis. analysts forecast that CMS Energy Co. will post 2.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 3rd were issued a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Thursday, August 2nd. CMS Energy’s dividend payout ratio (DPR) is 65.90%.

In related news, Director Jon E. Barfield sold 2,861 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $48.45, for a total transaction of $138,615.45. 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 firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $48.77, for a total value of $48,770.00. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

A number of brokerages have weighed in on CMS. Howard Weil reaffirmed a “sector outperform” rating on shares of CMS Energy in a report on Tuesday, July 24th. Morgan Stanley raised their target price on CMS Energy from $49.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research raised CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, June 14th. Barclays began coverage on CMS Energy in a report on Wednesday, August 15th. They issued an “equal weight” rating and a $51.00 target price on the stock. Finally, Argus raised CMS Energy from a “hold” rating to a “buy” rating in a report on Monday, September 10th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $49.80.

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.

See Also: Should You Consider an Index Fund?

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).

Institutional Ownership by Quarter for CMS Energy (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.

Leave a Reply