Mutual of America Capital Management LLC boosted its position in CMS Energy Co. (NYSE:CMS) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,964 shares of the utilities provider’s stock after acquiring an additional 2,096 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CMS Energy were worth $1,654,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in CMS. Dimensional Fund Advisors LP increased its stake in CMS Energy by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 669,076 shares of the utilities provider’s stock valued at $30,945,000 after acquiring an additional 14,228 shares during the last quarter. OxFORD Asset Management LLP increased its stake in CMS Energy by 24.9% in the second quarter. OxFORD Asset Management LLP now owns 9,355 shares of the utilities provider’s stock valued at $433,000 after acquiring an additional 1,866 shares during the last quarter. Archford Capital Strategies LLC increased its stake in CMS Energy by 62.0% in the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 438 shares during the last quarter. Sentry Investment Management LLC increased its stake in CMS Energy by 0.9% in the second quarter. Sentry Investment Management LLC now owns 21,980 shares of the utilities provider’s stock valued at $1,017,000 after acquiring an additional 201 shares during the last quarter. Finally, Achmea Investment Management B.V. bought a new position in CMS Energy in the second quarter valued at approximately $229,000. 87.33% of the stock is currently owned by institutional investors and hedge funds.
CMS has been the topic of a number of recent analyst reports. KeyCorp reissued a “buy” rating and issued a $51.00 price objective on shares of CMS Energy in a research note on Friday, October 20th. Morgan Stanley decreased their price objective on shares of CMS Energy from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Guggenheim reissued a “hold” rating and issued a $50.00 price objective on shares of CMS Energy in a research note on Wednesday, January 3rd. Wells Fargo & Co raised shares of CMS Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $48.41.
CMS Energy (NYSE:CMS) last issued its earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts expect that CMS Energy Co. will post 2.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a $0.3575 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.43 dividend on an annualized basis and a yield of 3.33%. This is a positive change from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s dividend payout ratio (DPR) is currently 68.91%.
In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the firm’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 value of $123,700.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.65% of the company’s stock.
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About CMS Energy
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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