KBC Group NV Has $1.70 Million Position in CMS Energy Co. (CMS)

KBC Group NV lessened its holdings in CMS Energy Co. (NYSE:CMS) by 54.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,609 shares of the utilities provider’s stock after selling 44,232 shares during the quarter. KBC Group NV’s holdings in CMS Energy were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CMS. Clarius Group LLC boosted its stake in shares of CMS Energy by 0.6% during the 2nd quarter. Clarius Group LLC now owns 5,320 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 34 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of CMS Energy by 1.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 5,216 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 66 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of CMS Energy by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,836 shares of the utilities provider’s stock valued at $964,000 after purchasing an additional 73 shares in the last quarter. Chemical Bank boosted its stake in shares of CMS Energy by 1.0% during the 2nd quarter. Chemical Bank now owns 8,450 shares of the utilities provider’s stock valued at $391,000 after purchasing an additional 85 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its stake in shares of CMS Energy by 0.4% during the 2nd quarter. ETRADE Capital Management LLC now owns 25,141 shares of the utilities provider’s stock valued at $1,163,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 87.42% of the company’s stock.

CMS Energy Co. (NYSE:CMS) opened at $50.09 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. The stock has a market cap of $14,063.97, a PE ratio of 25.57, a price-to-earnings-growth ratio of 3.55 and a beta of 0.19. CMS Energy Co. has a twelve month low of $40.39 and a twelve month high of $50.85.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. sell-side analysts predict that CMS Energy Co. will post 2.17 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.3325 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.66%. CMS Energy’s payout ratio is 68.91%.

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of CMS Energy in a research note on Monday, September 11th. KeyCorp reissued a “buy” rating and set a $51.00 price objective on shares of CMS Energy in a research note on Friday, September 1st. Morgan Stanley boosted their price objective on shares of CMS Energy from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Guggenheim began coverage on shares of CMS Energy in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, BidaskClub raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. CMS Energy presently has a consensus rating of “Buy” and a consensus target price of $48.90.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the sale, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

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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.

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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