GWM Advisors LLC raised its position in CMS Energy Co. (NYSE:CMS) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 168,974 shares of the utilities provider’s stock after purchasing an additional 8,779 shares during the period. CMS Energy makes up 1.1% of GWM Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. GWM Advisors LLC’s holdings in CMS Energy were worth $7,830,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMS. Dimensional Fund Advisors LP raised its stake in shares of CMS Energy by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 669,076 shares of the utilities provider’s stock valued at $30,945,000 after purchasing an additional 14,228 shares during the period. OxFORD Asset Management LLP increased its position in shares of CMS Energy by 24.9% in the second quarter. OxFORD Asset Management LLP now owns 9,355 shares of the utilities provider’s stock valued at $433,000 after acquiring an additional 1,866 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of CMS Energy by 62.0% in the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 438 shares during the last quarter. Sentry Investment Management LLC increased its position in shares of CMS Energy by 0.9% in the second quarter. Sentry Investment Management LLC now owns 21,980 shares of the utilities provider’s stock valued at $1,017,000 after acquiring an additional 201 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new stake in shares of CMS Energy in the second quarter valued at about $229,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. Hilliard Lyons raised CMS Energy from a “neutral” rating to a “buy” rating in a research report on Thursday. UBS Group assumed coverage on CMS Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $49.00 target price on the stock. Morgan Stanley lowered their target price on CMS Energy from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Zacks Investment Research downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $46.00 target price on shares of CMS Energy in a research report on Tuesday, December 26th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $48.41.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. equities analysts forecast that CMS Energy Co. will post 2.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s payout ratio is 68.91%.
In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.65% of the stock is owned by insiders.
About CMS Energy
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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