LS Investment Advisors LLC boosted its position in shares of CMS Energy Corporation (NYSE:CMS) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,710 shares of the utilities provider’s stock after buying an additional 68 shares during the period. LS Investment Advisors LLC’s holdings in CMS Energy Corporation were worth $1,837,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in CMS. Van ECK Associates Corp increased its stake in shares of CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock worth $108,000 after buying an additional 370 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of CMS Energy Corporation by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock worth $118,000 after buying an additional 145 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of CMS Energy Corporation during the first quarter worth $159,000. Meeder Asset Management Inc. purchased a new stake in shares of CMS Energy Corporation during the second quarter worth $185,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of CMS Energy Corporation during the second quarter worth $205,000. Institutional investors and hedge funds own 86.49% of the company’s stock.
Shares of CMS Energy Corporation (CMS) traded down 0.36% during trading on Friday, hitting $47.31. 1,194,255 shares of the stock traded hands. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.37. The firm has a market cap of $13.32 billion, a P/E ratio of 23.89 and a beta of 0.16. The company has a 50-day moving average of $46.50 and a 200-day moving average of $45.41.
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. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.45 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be issued a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.81%. CMS Energy Corporation’s dividend payout ratio (DPR) is currently 66.83%.
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A number of analysts recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a research report on Monday, July 31st. Morgan Stanley set a $49.00 target price on CMS Energy Corporation and gave the stock a “hold” rating in a research note on Thursday. BidaskClub cut CMS Energy Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reissued an “equal weight” rating and set a $49.00 target price (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Finally, Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $50.00 in a research note on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $47.75.
In other CMS Energy Corporation news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the transaction, the insider now owns 30,022 shares in the company, valued at approximately $1,366,001. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Malone sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $47.42, for a total value of $474,200.00. Following the completion of the transaction, the insider now owns 148,622 shares of the company’s stock, valued at approximately $7,047,655.24. The disclosure for this sale can be found here. Insiders have sold 68,336 shares of company stock valued at $3,223,288 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.
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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