Blue Chip Partners Inc. increased its stake in CMS Energy Co. (NYSE:CMS) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,610 shares of the utilities provider’s stock after buying an additional 34 shares during the period. Blue Chip Partners Inc.’s holdings in CMS Energy were worth $206,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CMS. Quadrant Capital Group LLC increased its stake in shares of CMS Energy by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock valued at $118,000 after buying an additional 145 shares in the last quarter. Bessemer Group Inc. boosted its position in CMS Energy by 3,803.6% in the fourth quarter. Bessemer Group Inc. now owns 4,372 shares of the utilities provider’s stock valued at $182,000 after buying an additional 4,260 shares during the last quarter. Parametrica Management Ltd acquired a new position in CMS Energy during the first quarter valued at about $200,000. Brown Advisory Inc. acquired a new position in CMS Energy during the fourth quarter valued at about $203,000. Finally, IFM Investors Pty Ltd acquired a new position in CMS Energy during the fourth quarter valued at about $208,000. 88.34% of the stock is owned by hedge funds and other institutional investors.
CMS Energy Co. (NYSE:CMS) traded up 0.66% during midday trading on Friday, reaching $46.05. The company’s stock had a trading volume of 2,110,728 shares. The stock has a 50 day moving average of $45.26 and a 200 day moving average of $43.02. The firm has a market capitalization of $12.89 billion, a PE ratio of 21.92 and a beta of 0.08. CMS Energy Co. has a 52 week low of $38.78 and a 52 week high of $46.25.
CMS Energy (NYSE:CMS) last announced its earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. CMS Energy had a return on equity of 13.31% and a net margin of 8.61%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy Co. will post $2.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 5th will be paid a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $1.33 annualized dividend and a yield of 2.91%. CMS Energy’s payout ratio is 66.83%.
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Several research firms have issued reports on CMS. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of CMS Energy in a research report on Tuesday, May 2nd. Evercore ISI upgraded CMS Energy to an “outperform” rating in a research report on Monday, March 6th. Barclays PLC reiterated an “equal weight” rating and issued a $49.00 price objective (up previously from $44.00) on shares of CMS Energy in a research report on Sunday, April 23rd. Zacks Investment Research cut CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Finally, Deutsche Bank AG increased their price objective on CMS Energy from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.60.
In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the transaction, the insider now owns 30,022 shares of the company’s stock, valued at approximately $1,366,001. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Catherine M. Reynolds sold 10,246 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $45.49, for a total value of $466,090.54. Following the completion of the transaction, the senior vice president now directly owns 113,956 shares of the company’s stock, valued at approximately $5,183,858.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,246 shares of company stock valued at $1,279,011. 0.93% of the stock is owned by corporate insiders.
CMS Energy Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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