CMS Energy Corporation (CMS) Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its stake in shares of CMS Energy Corporation (NYSE:CMS) by 40.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,897 shares of the utilities provider’s stock after selling 10,625 shares during the period. Westpac Banking Corp’s holdings in CMS Energy Corporation were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CMS. Commerzbank Aktiengesellschaft FI increased its stake in CMS Energy Corporation by 44.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,681 shares of the utilities provider’s stock valued at $433,000 after buying an additional 2,961 shares during the period. Capital Fund Management S.A. acquired a new position in CMS Energy Corporation during the 1st quarter valued at about $881,000. Henderson Group PLC increased its stake in CMS Energy Corporation by 2.2% during the 1st quarter. Henderson Group PLC now owns 41,194 shares of the utilities provider’s stock valued at $1,843,000 after buying an additional 900 shares during the period. UBS Asset Management Americas Inc. increased its stake in CMS Energy Corporation by 9.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 923,022 shares of the utilities provider’s stock valued at $41,296,000 after buying an additional 78,811 shares during the period. Finally, Karp Capital Management Corp acquired a new position in CMS Energy Corporation during the 1st quarter valued at about $5,544,000. 87.45% of the stock is currently owned by hedge funds and other institutional investors.

In other CMS Energy Corporation news, insider Garrick J. Rochow sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the transaction, the insider now directly owns 64,307 shares in the company, valued at approximately $3,074,517.67. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction of $168,910.00. Following the transaction, the senior vice president now owns 44,835 shares in the company, valued at $2,163,737.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,836 shares of company stock worth $561,118. Corporate insiders own 0.65% of the company’s stock.

CMS has been the topic of several research analyst reports. BidaskClub cut shares of CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. KeyCorp reissued a “buy” rating and set a $51.00 target price on shares of CMS Energy Corporation in a research note on Friday, September 1st. Morgan Stanley raised their target price on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday. Guggenheim initiated coverage on shares of CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 target price on the stock. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 target price on shares of CMS Energy Corporation in a research note on Monday, July 31st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CMS Energy Corporation has an average rating of “Buy” and an average price target of $48.20.

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CMS Energy Corporation (CMS) opened at 49.10 on Tuesday. The firm has a market cap of $13.83 billion, a PE ratio of 24.80 and a beta of 0.17. The stock has a 50 day moving average of $47.66 and a 200 day moving average of $46.24. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11.

CMS Energy Corporation (NYSE:CMS) last released its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were given a dividend of $0.3325 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.33 dividend on an annualized basis and a yield of 2.71%. CMS Energy Corporation’s payout ratio is presently 66.83%.

CMS Energy Corporation Company Profile

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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Institutional Ownership by Quarter for CMS Energy Corporation (NYSE:CMS)

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