Man Group plc raised its holdings in CMS Energy Co. (NYSE:CMS) by 59.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,014 shares of the utilities provider’s stock after purchasing an additional 54,996 shares during the period. Man Group plc owned 0.05% of CMS Energy worth $7,253,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of CMS. Manning & Napier Group LLC raised its holdings in shares of CMS Energy by 3.8% during the third quarter. Manning & Napier Group LLC now owns 28,266 shares of the utilities provider’s stock worth $1,384,000 after purchasing an additional 1,045 shares during the period. Personal Capital Advisors Corp increased its holdings in shares of CMS Energy by 1,361.0% in the 3rd quarter. Personal Capital Advisors Corp now owns 149,023 shares of the utilities provider’s stock worth $7,302,000 after acquiring an additional 138,823 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of CMS Energy in the 3rd quarter worth about $134,000. Cubist Systematic Strategies LLC acquired a new stake in shares of CMS Energy in the 2nd quarter worth about $822,000. Finally, Toronto Dominion Bank increased its holdings in shares of CMS Energy by 1.3% in the 3rd quarter. Toronto Dominion Bank now owns 184,031 shares of the utilities provider’s stock worth $9,015,000 after acquiring an additional 2,419 shares during the period. 92.82% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on CMS. Citigroup raised their target price on shares of CMS Energy from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Wolfe Research lowered shares of CMS Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 26th. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Guggenheim restated a “hold” rating and set a $53.00 price objective on shares of CMS Energy in a research report on Monday, January 7th. Finally, Barclays raised their target price on shares of CMS Energy from $51.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, November 19th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. CMS Energy currently has a consensus rating of “Hold” and a consensus price target of $52.58.
In other news, SVP Brian F. Rich sold 4,000 shares of CMS Energy stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $49.69, for a total value of $198,760.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brandon J. Hofmeister sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total value of $25,940.00. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.
CMS traded down $0.10 during trading hours on Friday, reaching $50.88. The company’s stock had a trading volume of 2,254,263 shares, compared to its average volume of 2,450,871. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 1.87. The stock has a market cap of $14.42 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 3.28 and a beta of 0.13. CMS Energy Co. has a 52 week low of $40.48 and a 52 week high of $53.82.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.53 billion. CMS Energy had a return on equity of 14.88% and a net margin of 8.00%. During the same period last year, the firm posted $0.62 earnings per share. Equities analysts forecast that CMS Energy Co. will post 2.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 1st will be given a $0.3825 dividend. The ex-dividend date is Thursday, January 31st. This is an increase from CMS Energy’s previous quarterly dividend of $0.36. This represents a $1.53 annualized dividend and a yield of 3.01%. CMS Energy’s dividend payout ratio (DPR) is currently 65.90%.
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CMS Energy Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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