Boston Advisors LLC lowered its position in CMS Energy Corporation (NYSE:CMS) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,787 shares of the utilities provider’s stock after selling 1,373 shares during the period. Boston Advisors LLC’s holdings in CMS Energy Corporation were worth $2,765,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in CMS Energy Corporation by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,730 shares of the utilities provider’s stock worth $405,000 after buying an additional 580 shares in the last quarter. Kentucky Retirement Systems purchased a new position in CMS Energy Corporation during the fourth quarter worth approximately $843,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in CMS Energy Corporation during the fourth quarter worth approximately $376,000. Macquarie Group Ltd. increased its position 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 worth $4,271,000 after buying an additional 9,600 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in CMS Energy Corporation by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 243,047 shares of the utilities provider’s stock worth $10,874,000 after buying an additional 8,228 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors.
CMS Energy Corporation (CMS) traded up 0.77% during mid-day trading on Friday, reaching $48.21. The company had a trading volume of 3,358,407 shares. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $48.50. The stock has a market capitalization of $13.57 billion, a price-to-earnings 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 posted its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be issued a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio is 66.83%.
Several analysts recently issued reports on the company. Barclays PLC reissued 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. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. BidaskClub raised CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $50.00 in a report on Monday, July 24th. Finally, Morgan Stanley assumed coverage on CMS Energy Corporation in a report on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CMS Energy Corporation presently has an average rating of “Hold” and a consensus target price of $47.75.
In other CMS Energy Corporation news, Vice Chairman Thomas J. Webb sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel J. Malone sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total value of $474,200.00. Following the transaction, the insider now directly owns 148,622 shares in the company, valued at approximately $7,047,655.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,336 shares of company stock worth $3,132,288. Company insiders own 0.65% of the company’s stock.
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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