CMS Energy Corporation (CMS) Stake Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CMS Energy Corporation (NYSE:CMS) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,836 shares of the utilities provider’s stock after acquiring an additional 73 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CMS Energy Corporation were worth $964,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CMS. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of CMS Energy Corporation by 44.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,681 shares of the utilities provider’s stock worth $433,000 after acquiring an additional 2,961 shares during the period. Capital Fund Management S.A. purchased a new position in shares of CMS Energy Corporation during the 1st quarter worth about $881,000. Henderson Group PLC lifted its holdings in shares of CMS Energy Corporation by 2.2% during the 1st quarter. Henderson Group PLC now owns 41,194 shares of the utilities provider’s stock worth $1,843,000 after acquiring an additional 900 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of 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 worth $41,296,000 after acquiring an additional 78,811 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of CMS Energy Corporation by 13.4% during the 1st quarter. Sei Investments Co. now owns 219,489 shares of the utilities provider’s stock worth $9,820,000 after acquiring an additional 25,875 shares during the period. Institutional investors and hedge funds own 87.45% of the company’s stock.

Shares of CMS Energy Corporation (NYSE:CMS) opened at 48.08 on Wednesday. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $49.11. The firm has a market cap of $13.54 billion, a P/E ratio of 24.28 and a beta of 0.17. The company’s 50-day moving average is $47.70 and its 200-day moving average is $46.26.

CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Equities research analysts forecast that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.77%. CMS Energy Corporation’s dividend payout ratio is 66.83%.

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

Several brokerages have recently weighed in on CMS. Royal Bank Of Canada reiterated a “hold” rating and set a $46.00 price objective on shares of CMS Energy Corporation in a report on Monday. KeyCorp reiterated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a report on Friday, September 1st. Morgan Stanley increased their price objective on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Guggenheim began coverage on shares of CMS Energy Corporation in a report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, BidaskClub upgraded shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.20.

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CMS Energy Corporation 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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