CMS Energy Co. (CMS) Stake Lessened by Strs Ohio

Strs Ohio lowered its position in shares of CMS Energy Co. (NYSE:CMS) by 5.3% in the first quarter, Holdings Channel reports. The institutional investor owned 121,316 shares of the utilities provider’s stock after selling 6,724 shares during the quarter. Strs Ohio’s holdings in CMS Energy were worth $6,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc increased its holdings in shares of CMS Energy by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 33,531,947 shares of the utilities provider’s stock worth $1,643,065,000 after buying an additional 723,850 shares during the last quarter. BlackRock Inc. increased its holdings in shares of CMS Energy by 4.3% during the 4th quarter. BlackRock Inc. now owns 26,150,756 shares of the utilities provider’s stock worth $1,298,384,000 after buying an additional 1,069,422 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CMS Energy by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,234,196 shares of the utilities provider’s stock worth $746,475,000 after buying an additional 112,508 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CMS Energy by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 3,737,438 shares of the utilities provider’s stock worth $185,237,000 after buying an additional 253,498 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of CMS Energy by 7.8% during the 4th quarter. Northern Trust Corp now owns 3,617,524 shares of the utilities provider’s stock worth $179,611,000 after buying an additional 262,262 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

CMS Energy stock opened at $54.40 on Thursday. CMS Energy Co. has a fifty-two week low of $42.52 and a fifty-two week high of $56.29. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.94 and a quick ratio of 0.69. The company has a market capitalization of $15.38 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.40 and a beta of 0.19.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). CMS Energy had a net margin of 9.56% and a return on equity of 13.93%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business earned $0.51 EPS. On average, sell-side analysts expect that CMS Energy Co. will post 2.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a $0.3825 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.53 annualized dividend and a yield of 2.81%. CMS Energy’s dividend payout ratio is presently 65.67%.

In other CMS Energy news, SVP Catherine M. Reynolds sold 8,187 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total value of $434,074.74. Following the completion of the transaction, the senior vice president now owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

CMS has been the subject of several research reports. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, April 11th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Wednesday, April 3rd. Argus lifted their target price on shares of CMS Energy from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Credit Suisse Group set a $58.00 target price on shares of CMS Energy and gave the company a “buy” rating in a report on Monday. Finally, SunTrust Banks reiterated a “hold” rating and issued a $56.00 target price on shares of CMS Energy in a report on Monday, February 25th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.77.

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CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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

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