Calamos Advisors LLC raised its position in shares of CMS Energy Corp. (NYSE:CMS) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 55,887 shares of the company’s stock after buying an additional 21 shares during the period. Calamos Advisors LLC’s holdings in CMS Energy Corp. were worth $2,563,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in CMS. Clarius Group LLC acquired a new stake in shares of CMS Energy Corp. during the first quarter worth $201,000. Advisor Partners LLC acquired a new stake in shares of CMS Energy Corp. during the first quarter worth $209,000. BKD Wealth Advisors LLC raised its stake in shares of CMS Energy Corp. by 1.7% in the second quarter. BKD Wealth Advisors LLC now owns 4,927 shares of the company’s stock worth $226,000 after buying an additional 80 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of CMS Energy Corp. during the first quarter worth $256,000. Finally, ING Groep NV acquired a new stake in shares of CMS Energy Corp. during the first quarter worth $268,000. Institutional investors own 89.09% of the company’s stock.
CMS Energy Corp. (NYSE:CMS) traded down 1.45% during trading on Monday, hitting $41.40. The stock had a trading volume of 1,307,344 shares. The firm has a market capitalization of $11.55 billion, a P/E ratio of 21.22 and a beta of 0.12. The stock has a 50 day moving average of $42.59 and a 200 day moving average of $42.75. CMS Energy Corp. has a one year low of $33.84 and a one year high of $46.25.
CMS Energy Corp. (NYSE:CMS) last posted its earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.09. CMS Energy Corp. had a return on equity of 13.34% and a net margin of 8.79%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts expect that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.
A number of analysts recently commented on CMS shares. SunTrust Banks Inc. lifted their price objective on CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. BMO Capital Markets reiterated a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. Howard Weil started coverage on CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price objective for the company. Zacks Investment Research lowered CMS Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Finally, KeyCorp reiterated an “outperform” rating and issued a $47.00 price objective (up from $45.00) on shares of CMS Energy Corp. in a research report on Saturday, July 2nd. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.95.
In related news, Director Jon E. Barfield sold 9,568 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $42.97, for a total transaction of $411,136.96. Following the completion of the sale, the director now directly owns 23,256 shares of the company’s stock, valued at $999,310.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Catherine M. Reynolds sold 11,032 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $43.59, for a total value of $480,884.88. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.
CMS Energy Corp. Company Profile
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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