Vaughan Nelson Investment Management L.P. lessened its holdings in CMS Energy Co. (NYSE:CMS) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,837 shares of the utilities provider’s stock after selling 7,548 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in CMS Energy were worth $7,789,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of CMS Energy by 1.9% in the 3rd quarter. CIBC Asset Management Inc now owns 25,106 shares of the utilities provider’s stock valued at $1,542,000 after purchasing an additional 470 shares during the last quarter. IBM Retirement Fund lifted its stake in shares of CMS Energy by 39.0% in the 3rd quarter. IBM Retirement Fund now owns 9,282 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 2,605 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of CMS Energy by 758.0% in the 2nd quarter. Marshall Wace LLP now owns 6,624 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 5,852 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of CMS Energy in the 2nd quarter valued at $1,394,000. Finally, Avantax Advisory Services Inc. lifted its stake in shares of CMS Energy by 75.4% in the 3rd quarter. Avantax Advisory Services Inc. now owns 20,651 shares of the utilities provider’s stock valued at $1,267,000 after purchasing an additional 8,876 shares during the last quarter. 92.07% of the stock is owned by institutional investors and hedge funds.
CMS has been the subject of several analyst reports. Barclays lowered shares of CMS Energy from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research note on Monday, September 21st. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, July 24th. Citigroup boosted their target price on shares of CMS Energy from $60.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Credit Suisse Group boosted their target price on shares of CMS Energy from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Finally, Morgan Stanley boosted their target price on shares of CMS Energy from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. CMS Energy presently has an average rating of “Hold” and an average target price of $65.04.
In other news, SVP Jean-Francois Brossoit sold 2,460 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $60.25, for a total transaction of $148,215.00. Insiders have sold 6,379 shares of company stock valued at $390,343 in the last ninety days. 0.50% of the stock is owned by company insiders.
Shares of CMS opened at $66.06 on Tuesday. The company has a 50-day simple moving average of $64.21 and a 200-day simple moving average of $60.71. The firm has a market capitalization of $18.92 billion, a P/E ratio of 24.65, a P/E/G ratio of 3.47 and a beta of 0.15. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.83. CMS Energy Co. has a 52 week low of $46.03 and a 52 week high of $69.17.
CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 29th. The utilities provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.63 billion. CMS Energy had a net margin of 11.44% and a return on equity of 14.92%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, equities analysts forecast that CMS Energy Co. will post 2.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 6th will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, November 5th. CMS Energy’s dividend payout ratio is currently 65.46%.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. 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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