Summit Global Investments increased its position in shares of CMS Energy Corporation (NYSE:CMS) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,080 shares of the utilities provider’s stock after buying an additional 1,050 shares during the period. Summit Global Investments’ holdings in CMS Energy Corporation were worth $540,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of CMS Energy Corporation by 2,081.4% in the first quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock worth $1,023,636,000 after buying an additional 21,830,781 shares during the last quarter. Norges Bank bought a new stake in CMS Energy Corporation during the fourth quarter worth approximately $94,122,000. Vanguard Group Inc. boosted its stake in CMS Energy Corporation by 3.9% in the first quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after buying an additional 1,065,859 shares during the period. Renaissance Technologies LLC boosted its stake in CMS Energy Corporation by 1,171.6% in the first quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock worth $39,313,000 after buying an additional 809,600 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of CMS Energy Corporation by 1,561,904.2% in the first quarter. Canada Pension Plan Investment Board now owns 749,762 shares of the utilities provider’s stock worth $33,544,000 after buying an additional 749,714 shares during the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.
Shares of CMS Energy Corporation (NYSE CMS) traded up 0.34% during trading on Friday, hitting $46.75. 1,824,111 shares of the stock traded hands. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $48.37. The stock has a market cap of $13.09 billion, a PE ratio of 22.25 and a beta of 0.16. The firm’s 50-day moving average price is $46.84 and its 200-day moving average price is $44.89.
CMS Energy Corporation (NYSE:CMS) last announced its earnings results on Monday, May 1st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. CMS Energy Corporation had a net margin of 9.12% and a return on equity of 13.94%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company posted $0.59 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be given a $0.3325 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.33 dividend on an annualized basis and a yield of 2.84%. CMS Energy Corporation’s dividend payout ratio (DPR) is 63.03%.
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CMS has been the topic of a number of analyst reports. BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Barclays PLC reaffirmed an “equal weight” rating and issued a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Deutsche Bank AG upped their price target on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.50.
In other CMS Energy Corporation news, VP Glenn P. Barba sold 16,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $45.12, for a total transaction of $721,920.00. Following the sale, the vice president now directly owns 33,913 shares in the company, valued at approximately $1,530,154.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $47.23, for a total transaction of $2,361,500.00. Following the completion of the sale, the insider now owns 187,773 shares in the company, valued at $8,868,518.79. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,246 shares of company stock worth $4,114,711. 0.65% of the stock is currently owned by insiders.
About CMS Energy Corporation
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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