Clarius Group LLC cut its holdings in shares of CMS Energy Co. (NYSE:CMS – Free Report) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,411 shares of the utilities provider’s stock after selling 309 shares during the quarter. Clarius Group LLC’s holdings in CMS Energy were worth $200,000 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. Caisse DE Depot ET Placement DU Quebec acquired a new position in CMS Energy in the 1st quarter valued at about $188,418,000. Perpetual Ltd acquired a new position in CMS Energy in the 1st quarter valued at about $134,747,000. Morgan Stanley boosted its holdings in CMS Energy by 75.0% in the 4th quarter. Morgan Stanley now owns 4,457,642 shares of the utilities provider’s stock valued at $282,303,000 after purchasing an additional 1,910,519 shares during the last quarter. Norges Bank acquired a new position in CMS Energy in the 4th quarter valued at about $115,134,000. Finally, Bank of Montreal Can acquired a new position in CMS Energy in the 2nd quarter valued at about $99,270,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CMS has been the topic of several recent analyst reports. Morgan Stanley decreased 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 report on Wednesday, October 25th. Royal Bank of Canada decreased their price objective on shares of CMS Energy from $71.00 to $64.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 6th. UBS Group decreased their price objective on shares of CMS Energy from $66.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, October 4th. BMO Capital Markets decreased their price objective on shares of CMS Energy from $62.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. Finally, Guggenheim cut their target price on shares of CMS Energy from $61.00 to $54.00 in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $61.73.
Insider Buying and Selling
In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total value of $93,802.09. Following the completion of the sale, the senior vice president now owns 61,765 shares in the company, valued at approximately $3,475,516.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Brian F. Rich sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $54.90, for a total value of $274,500.00. Following the completion of the transaction, the senior vice president now owns 88,175 shares in the company, valued at approximately $4,840,807.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total transaction of $93,802.09. Following the completion of the transaction, the senior vice president now owns 61,765 shares of the company’s stock, valued at approximately $3,475,516.55. The disclosure for this sale can be found here. Insiders sold a total of 25,667 shares of company stock worth $1,423,372 in the last 90 days. Company insiders own 0.40% of the company’s stock.
CMS Energy Trading Down 0.2 %
NYSE CMS opened at $57.40 on Friday. 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 $54.76 and its 200 day moving average price is $57.57. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $65.72.
CMS Energy (NYSE:CMS – Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The business 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%. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. On average, sell-side analysts expect that CMS Energy Co. will post 3.1 earnings per share for the current fiscal year.
CMS Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 3rd will be paid a dividend of $0.4875 per share. This represents a $1.95 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Thursday, November 2nd. CMS Energy’s dividend payout ratio is currently 76.77%.
CMS Energy 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.
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