Millennium Management LLC Cuts Stake in CMS Energy Co. (NYSE:CMS)

Millennium Management LLC lowered its holdings in CMS Energy Co. (NYSE:CMS) by 13.2% during the fourth quarter, according to its most recent …

CMS Energy logoMillennium Management LLC lowered its holdings in CMS Energy Co. (NYSE:CMS) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 865,471 shares of the utilities provider’s stock after selling 131,775 shares during the quarter. Millennium Management LLC owned 0.31% of CMS Energy worth $42,971,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CMS. Janney Montgomery Scott LLC grew its position in CMS Energy by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,700 shares of the utilities provider’s stock valued at $2,269,000 after buying an additional 196 shares during the period. Virtus ETF Advisers LLC grew its position in shares of CMS Energy by 1.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 13,021 shares of the utilities provider’s stock valued at $646,000 after purchasing an additional 214 shares during the period. Redpoint Investment Management Pty Ltd grew its position in shares of CMS Energy by 0.4% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 50,705 shares of the utilities provider’s stock valued at $2,518,000 after purchasing an additional 218 shares during the period. Clarius Group LLC grew its position in shares of CMS Energy by 3.8% in the fourth quarter. Clarius Group LLC now owns 5,965 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 219 shares during the period. Finally, Cox Capital Mgt LLC grew its position in shares of CMS Energy by 1.6% in the fourth quarter. Cox Capital Mgt LLC now owns 14,158 shares of the utilities provider’s stock valued at $732,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Several research firms have recently weighed in on CMS. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. SunTrust Banks reissued a “hold” rating and issued a $56.00 price target on shares of CMS Energy in a research note on Monday, February 25th. Argus raised their price target on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Citigroup lifted their target price on shares of CMS Energy from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 19th. Finally, Scotiabank reaffirmed a “buy” rating and set a $54.00 target price on shares of CMS Energy in a research note on Friday, December 14th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CMS Energy has an average rating of “Hold” and an average price target of $53.83.

In other news, SVP Catherine M. Reynolds sold 8,187 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $53.02, for a total transaction of $434,074.74. Following the transaction, the senior vice president now directly owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Shares of NYSE:CMS traded up $0.04 on Friday, reaching $54.61. 49,083 shares of the company were exchanged, compared to its average volume of 2,390,347. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 2.23. CMS Energy Co. has a 1-year low of $42.52 and a 1-year high of $56.29. The stock has a market cap of $15.48 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 3.45 and a beta of 0.19.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company earned $0.51 earnings per share. Equities analysts anticipate that CMS Energy Co. will post 2.51 earnings per share for the current year.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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CMS Energy Co. (CMS) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC grew its stake in CMS Energy Co. (NYSE:CMS) by 509.9% in the 4th quarter, according to the company in its most …

CMS Energy logoAcadian Asset Management LLC grew its stake in CMS Energy Co. (NYSE:CMS) by 509.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,460 shares of the utilities provider’s stock after buying an additional 7,909 shares during the period. Acadian Asset Management LLC’s holdings in CMS Energy were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Reilly Financial Advisors LLC bought a new stake in CMS Energy during the fourth quarter worth $25,000. Clean Yield Group bought a new stake in shares of CMS Energy in the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund raised its stake in shares of CMS Energy by 4,803.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock valued at $30,000 after buying an additional 1,483,006 shares during the period. Advisors Preferred LLC bought a new stake in shares of CMS Energy in the fourth quarter valued at $31,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of CMS Energy in the fourth quarter valued at $50,000. 92.79% of the stock is owned by institutional investors.

Shares of CMS stock traded up $0.33 during midday trading on Friday, reaching $55.54. 2,332,114 shares of the stock were exchanged, compared to its average volume of 2,289,924. CMS Energy Co. has a 1 year low of $42.52 and a 1 year high of $56.29. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.69 and a current ratio of 0.94. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 3.46 and a beta of 0.19.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.54 billion. CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. During the same quarter last year, the company posted $0.51 EPS. Sell-side analysts forecast that CMS Energy Co. will post 2.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 1st were paid a $0.3825 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $1.53 annualized dividend and a dividend yield of 2.75%. This is an increase from CMS Energy’s previous quarterly dividend of $0.36. CMS Energy’s dividend payout ratio is presently 65.67%.

In related news, SVP Catherine M. Reynolds sold 8,187 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total value of $434,074.74. Following the sale, the senior vice president now owns 129,389 shares in the company, valued at approximately $6,860,204.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Several equities analysts have recently weighed in on CMS shares. Zacks Investment Research upgraded CMS Energy from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, January 14th. SunTrust Banks reiterated a “hold” rating and issued a $55.00 price target on shares of CMS Energy in a research report on Tuesday, December 18th. Citigroup boosted their target price on CMS Energy from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 19th. Argus boosted their target price on CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Goldman Sachs Group started coverage on CMS Energy in a research report on Wednesday, January 16th. They set a “neutral” rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.42.

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CMS Energy Company Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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Millennium Management LLC Has $42.97 Million Stake in CMS Energy Co. (CMS)

Millennium Management LLC decreased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 13.2% during the fourth quarter, according to the …

CMS Energy logoMillennium Management LLC decreased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 865,471 shares of the utilities provider’s stock after selling 131,775 shares during the quarter. Millennium Management LLC owned 0.31% of CMS Energy worth $42,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc grew its stake in shares of CMS Energy by 2.2% during the third quarter. Vanguard Group Inc now owns 33,531,947 shares of the utilities provider’s stock valued at $1,643,065,000 after buying an additional 723,850 shares during the last quarter. BlackRock Inc. grew its stake in shares of CMS Energy by 4.3% during the fourth quarter. BlackRock Inc. now owns 26,150,756 shares of the utilities provider’s stock valued at $1,298,384,000 after buying an additional 1,069,422 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CMS Energy by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 15,234,196 shares of the utilities provider’s stock valued at $746,475,000 after buying an additional 112,508 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of CMS Energy by 60,837.6% during the third quarter. Bank of New York Mellon Corp now owns 14,982,113 shares of the utilities provider’s stock valued at $734,124,000 after buying an additional 14,957,527 shares during the last quarter. Finally, Capital World Investors bought a new position in shares of CMS Energy during the third quarter valued at approximately $628,406,000. 92.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CMS opened at $55.21 on Friday. CMS Energy Co. has a 52-week low of $42.52 and a 52-week high of $56.29. The company has a market capitalization of $15.67 billion, a P/E ratio of 23.70, a PEG ratio of 3.50 and a beta of 0.19. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 2.23.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, January 31st. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned $0.51 EPS. As a group, equities research analysts predict that CMS Energy Co. will post 2.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 1st were issued a dividend of $0.3825 per share. The ex-dividend date was Thursday, January 31st. This represents a $1.53 dividend on an annualized basis and a yield of 2.77%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.36. CMS Energy’s dividend payout ratio is currently 65.67%.

A number of research analysts have recently commented on the company. Zacks Investment Research cut CMS Energy from a “hold” rating to a “sell” rating in a research note on Monday. SunTrust Banks reissued a “hold” rating and issued a $56.00 price objective on shares of CMS Energy in a research note on Monday, February 25th. Guggenheim reissued a “hold” rating and issued a $53.00 price objective on shares of CMS Energy in a research note on Monday, January 7th. Argus increased their price objective on CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, Scotiabank reissued a “buy” rating and issued a $54.00 price objective on shares of CMS Energy in a research note on Friday, December 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. CMS Energy presently has an average rating of “Hold” and an average price target of $53.42.

In other CMS Energy news, SVP Catherine M. Reynolds sold 8,187 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total transaction of $434,074.74. Following the completion of the sale, the senior vice president now owns 129,389 shares in the company, valued at $6,860,204.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This piece was published by PressOracle and is the sole property of of PressOracle. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://pressoracle.com/news/2019/03/29/millennium-management-llc-has-42-97-million-stake-in-cms-energy-co-cms.html.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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CMS Energy Co. (CMS) Position Trimmed by First Capital Advisors Group LLC.

WINTON GROUP Ltd lifted its holdings in shares of CMS Energy by 18.7% in the fourth quarter. WINTON GROUP Ltd now owns 417,776 shares of the …

CMS Energy logoFirst Capital Advisors Group LLC. decreased its position in shares of CMS Energy Co. (NYSE:CMS) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,602 shares of the utilities provider’s stock after selling 418 shares during the quarter. First Capital Advisors Group LLC.’s holdings in CMS Energy were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its holdings in shares of CMS Energy by 276.3% in the fourth quarter. Mackenzie Financial Corp now owns 110,134 shares of the utilities provider’s stock worth $5,468,000 after acquiring an additional 80,866 shares during the last quarter. Cognios Capital LLC lifted its holdings in shares of CMS Energy by 22.6% in the fourth quarter. Cognios Capital LLC now owns 44,835 shares of the utilities provider’s stock worth $2,225,000 after acquiring an additional 8,259 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of CMS Energy by 18.7% in the fourth quarter. WINTON GROUP Ltd now owns 417,776 shares of the utilities provider’s stock worth $20,743,000 after acquiring an additional 65,922 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of CMS Energy by 4,803.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 1,483,006 shares during the last quarter. Finally, Virtus ETF Advisers LLC raised its holdings in CMS Energy by 1.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 13,021 shares of the utilities provider’s stock valued at $646,000 after buying an additional 214 shares during the last quarter. 93.32% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on CMS. Scotiabank reiterated a “buy” rating and issued a $54.00 price objective on shares of CMS Energy in a report on Friday, December 14th. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. ValuEngine upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Barclays raised their price objective on shares of CMS Energy from $51.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, November 19th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $55.00 price objective on shares of CMS Energy in a report on Tuesday, December 18th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CMS Energy currently has a consensus rating of “Hold” and a consensus target price of $52.91.

In other news, 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 transaction of $25,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Catherine M. Reynolds sold 8,187 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total transaction of $434,074.74. Following the sale, the senior vice president now directly owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

NYSE:CMS opened at $52.77 on Monday. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 3.32 and a beta of 0.19. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.94 and a quick ratio of 0.69. CMS Energy Co. has a fifty-two week low of $41.98 and a fifty-two week high of $53.82.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.54 billion. CMS Energy had a net margin of 9.56% and a return on equity of 13.93%. During the same period in the prior year, the company posted $0.51 EPS. On average, sell-side analysts expect that CMS Energy Co. will post 2.5 EPS 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 dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Thursday, January 31st. This is an increase from CMS Energy’s previous quarterly dividend of $0.36. CMS Energy’s dividend payout ratio is currently 65.67%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/02/18/cms-energy-co-cms-position-trimmed-by-first-capital-advisors-group-llc.html.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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CMS Energy Co. (CMS) Position Lowered by TIAA CREF Investment Management LLC

Finally, Millennium Management LLC grew its stake in CMS Energy by 96.1% in the 2nd quarter. Millennium Management LLC now owns 1,612,272 …

CMS Energy logoTIAA CREF Investment Management LLC lowered its stake in CMS Energy Co. (NYSE:CMS) by 22.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 360,827 shares of the utilities provider’s stock after selling 105,324 shares during the quarter. TIAA CREF Investment Management LLC owned 0.13% of CMS Energy worth $17,681,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CMS. JPMorgan Chase & Co. lifted its holdings in shares of CMS Energy by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 15,234,196 shares of the utilities provider’s stock valued at $746,475,000 after purchasing an additional 112,508 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of CMS Energy by 60,837.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,982,113 shares of the utilities provider’s stock valued at $734,124,000 after acquiring an additional 14,957,527 shares during the period. Capital World Investors acquired a new position in shares of CMS Energy during the 3rd quarter worth approximately $628,406,000. Renaissance Technologies LLC grew its stake in CMS Energy by 62.4% in the 3rd quarter. Renaissance Technologies LLC now owns 2,912,300 shares of the utilities provider’s stock worth $142,703,000 after acquiring an additional 1,118,600 shares during the period. Finally, Millennium Management LLC grew its stake in CMS Energy by 96.1% in the 2nd quarter. Millennium Management LLC now owns 1,612,272 shares of the utilities provider’s stock worth $76,228,000 after acquiring an additional 790,201 shares during the period. Hedge funds and other institutional investors own 92.95% of the company’s stock.

CMS has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of CMS Energy in a research note on Wednesday, January 16th. They issued a “neutral” rating and a $52.00 target price for the company. SunTrust Banks restated a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a research report on Wednesday, November 7th. Citigroup increased their price objective on shares of CMS Energy from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, December 19th. Scotiabank reiterated a “buy” rating and issued a $54.00 price objective on shares of CMS Energy in a report on Friday, December 14th. Finally, ValuEngine raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.58.

In other news, insider Brandon J. Hofmeister sold 500 shares of CMS Energy stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $51.88, for a total transaction of $25,940.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brian F. Rich sold 4,000 shares of CMS Energy stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $49.69, for a total value of $198,760.00. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Shares of NYSE:CMS traded down $0.88 on Friday, hitting $50.81. The company had a trading volume of 2,031,006 shares, compared to its average volume of 2,207,754. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.69 and a quick ratio of 0.47. CMS Energy Co. has a 1-year low of $40.48 and a 1-year high of $53.82. The company has a market cap of $14.40 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.28 and a beta of 0.13.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same period in the prior year, the company posted $0.62 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 2.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Friday, February 1st will be paid a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from CMS Energy’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, January 31st. CMS Energy’s payout ratio is presently 65.90%.

COPYRIGHT VIOLATION WARNING: “CMS Energy Co. (CMS) Position Lowered by TIAA CREF Investment Management LLC” was originally reported by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/01/27/tiaa-cref-investment-management-llc-has-17-68-million-holdings-in-cms-energy-co-cms.html.

About CMS Energy

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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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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