Ajo LP increased its holdings in shares of CMS Energy Corporation (NYSE:CMS) by 20.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 699,588 shares of the utilities provider’s stock after purchasing an additional 120,274 shares during the quarter. Ajo LP owned 0.25% of CMS Energy Corporation worth $32,356,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in CMS Energy Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after purchasing an additional 1,065,859 shares in the last quarter. BlackRock Inc. increased its position in CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock worth $1,023,636,000 after purchasing an additional 21,830,781 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CMS Energy Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after acquiring an additional 2,145,055 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy Corporation by 1.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock worth $160,533,000 after acquiring an additional 63,872 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in CMS Energy Corporation by 10.3% in the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock worth $122,844,000 after acquiring an additional 257,136 shares during the period. 87.45% of the stock is owned by hedge funds and other institutional investors.
CMS Energy Corporation (NYSE CMS) opened at 47.97 on Wednesday. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The company’s 50-day moving average price is $47.70 and its 200 day moving average price is $46.26. The company has a market capitalization of $13.51 billion, a PE ratio of 24.23 and a beta of 0.17.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.45 EPS. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 4th were issued a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is presently 66.83%.
In other news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $47.81, for a total transaction of $95,620.00. Following the sale, the insider now owns 64,307 shares of the company’s stock, valued at approximately $3,074,517.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total value of $168,910.00. Following the sale, the senior vice president now directly owns 44,835 shares in the company, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. Insiders have sold a total of 11,836 shares of company stock worth $561,118 in the last three months. 0.65% of the stock is owned by insiders.
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A number of equities analysts have weighed in on CMS shares. BidaskClub upgraded CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $46.00 to $50.00 in a report on Monday, July 24th. KeyCorp restated a “buy” rating and issued a $51.00 price target on shares of CMS Energy Corporation in a report on Friday, September 1st. Morgan Stanley upped their price target on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Guggenheim started coverage on CMS Energy Corporation in a report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.20.
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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