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.
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