Oregon Public Employees Retirement Fund cut its position in shares of CMS Energy Corporation (NYSE:CMS) by 56.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,982 shares of the utilities provider’s stock after selling 37,800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CMS Energy Corporation were worth $1,340,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of CMS. Premier Fund Managers Ltd boosted its stake in shares of CMS Energy Corporation by 14.1% in the first quarter. Premier Fund Managers Ltd now owns 36,500 shares of the utilities provider’s stock worth $1,631,000 after buying an additional 4,500 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of CMS Energy Corporation by 5.7% in the first quarter. Lazard Asset Management LLC now owns 366,493 shares of the utilities provider’s stock worth $16,396,000 after buying an additional 19,783 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of CMS Energy Corporation by 11.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,830 shares of the utilities provider’s stock worth $485,000 after buying an additional 1,100 shares during the last quarter. Macquarie Group Ltd. boosted its stake in CMS Energy Corporation by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 102,600 shares of the utilities provider’s stock valued at $4,271,000 after buying an additional 9,600 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in CMS Energy Corporation during the fourth quarter valued at $843,000. Institutional investors and hedge funds own 85.93% of the company’s stock.
Shares of CMS Energy Corporation (NYSE:CMS) traded up 0.77% during midday trading on Friday, reaching $48.21. The company had a trading volume of 3,358,407 shares. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.50. The stock has a market capitalization of $13.57 billion, a PE ratio of 24.35 and a beta of 0.16. The company’s 50-day moving average is $46.63 and its 200-day moving average is $45.62.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. The firm had revenue of $1.45 billion during 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%. CMS Energy Corporation’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities research analysts forecast 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 2.76%. CMS Energy Corporation’s payout ratio is currently 66.83%.
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Several research firms have recently issued reports on CMS. BidaskClub raised CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Morgan Stanley set a $49.00 target price on shares of CMS Energy Corporation and gave the company a “hold” rating in a research report on Thursday, August 10th. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $46.00 to $50.00 in a research report on Monday, July 24th. BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a report on Monday, July 31st. Finally, Barclays PLC restated an “equal weight” rating and set a $49.00 price target (up from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $47.75.
In other CMS Energy Corporation news, insider Daniel J. Malone sold 10,000 shares of the stock in a transaction dated 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 directly owns 148,622 shares of the company’s stock, valued at $7,047,655.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jon E. Barfield sold 6,336 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,336 shares of company stock valued at $3,132,288. 0.65% of the stock is owned by 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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