CMS Energy Co. (NYSE:CMS) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in CMS Energy Co. (NYSE:CMS) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,053,200 shares of the utilities provider’s stock after selling 98,800 shares during the quarter. Swiss National Bank’s holdings in CMS Energy were worth $61,876,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of CMS Energy by 9.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 538,072 shares of the utilities provider’s stock valued at $31,612,000 after purchasing an additional 46,380 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of CMS Energy by 10.8% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 263,152 shares of the utilities provider’s stock valued at $15,460,000 after purchasing an additional 25,702 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of CMS Energy by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 667,653 shares of the utilities provider’s stock valued at $39,225,000 after purchasing an additional 21,757 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of CMS Energy by 2.6% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 7,568 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 194 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of CMS Energy by 4.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,912 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insiders Place Their Bets

In other CMS Energy news, Director John G. Russell sold 19,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $55.53, for a total transaction of $1,055,070.00. Following the completion of the transaction, the director now directly owns 169,899 shares of the company’s stock, valued at approximately $9,434,491.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CMS Energy news, Director John G. Russell sold 19,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $55.53, for a total transaction of $1,055,070.00. Following the completion of the transaction, the director now directly owns 169,899 shares of the company’s stock, valued at approximately $9,434,491.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brian F. Rich sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $54.90, for a total transaction of $274,500.00. Following the sale, the senior vice president now directly owns 88,175 shares of the company’s stock, valued at approximately $4,840,807.50. The disclosure for this sale can be found here. Insiders sold a total of 25,667 shares of company stock valued at $1,423,372 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research reports. BMO Capital Markets cut their target price on shares of CMS Energy from $62.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. Guggenheim cut their target price on shares of CMS Energy from $61.00 to $54.00 in a research note on Monday, October 9th. UBS Group cut their target price on shares of CMS Energy from $66.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, October 4th. Morgan Stanley cut their target price on shares of CMS Energy from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 25th. Finally, StockNews.com initiated coverage on shares of CMS Energy in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.73.

CMS Energy Stock Performance

CMS Energy stock opened at $57.08 on Thursday. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $65.72. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.38 and a beta of 0.39. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.90 and a quick ratio of 0.51. The firm’s fifty day moving average price is $54.70 and its 200 day moving average price is $57.60.

CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $2.11 billion. CMS Energy had a return on equity of 10.49% and a net margin of 9.61%. CMS Energy’s revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share. On average, research analysts forecast that CMS Energy Co. will post 3.1 EPS for the current fiscal year.

CMS Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.4875 per share. This represents a $1.95 annualized dividend and a yield of 3.42%. The ex-dividend date is Thursday, November 2nd. CMS Energy’s dividend payout ratio is currently 76.77%.

CMS Energy Company Profile

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