Maple Brown Abbott Ltd grew its stake in shares of CMS Energy (NYSE:CMS) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,929,538 shares of the utilities provider’s stock after buying an additional 133,100 shares during the period. CMS Energy makes up 7.4% of Maple Brown Abbott Ltd’s portfolio, making the stock its 3rd biggest position. Maple Brown Abbott Ltd owned approximately 0.68% of CMS Energy worth $87,389,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Daiwa Securities Group Inc. boosted its stake in shares of CMS Energy by 13.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 9,403 shares of the utilities provider’s stock worth $426,000 after acquiring an additional 1,150 shares during the period. Ibex Wealth Advisors lifted its position in shares of CMS Energy by 9.0% during the 4th quarter. Ibex Wealth Advisors now owns 15,404 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 1,271 shares during the period. Advisor Partners LLC lifted its position in shares of CMS Energy by 14.5% during the 1st quarter. Advisor Partners LLC now owns 10,115 shares of the utilities provider’s stock valued at $458,000 after acquiring an additional 1,282 shares during the period. Cognios Capital LLC lifted its position in shares of CMS Energy by 31.6% during the 4th quarter. Cognios Capital LLC now owns 5,750 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 1,380 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of CMS Energy by 4.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 36,855 shares of the utilities provider’s stock worth $1,743,000 after buying an additional 1,420 shares in the last quarter. Hedge funds and other institutional investors own 88.23% of the company’s stock.
In other news, SVP Catherine M. Reynolds sold 5,611 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $46.05, for a total value of $258,386.55. Following the completion of the sale, the senior vice president now directly owns 122,203 shares in the company, valued at approximately $5,627,448.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Catherine M. Reynolds sold 8,310 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.40, for a total value of $360,654.00. Following the completion of the sale, the senior vice president now owns 126,810 shares of the company’s stock, valued at $5,503,554. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,921 shares of company stock worth $1,134,161. Insiders own 0.57% of the company’s stock.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, April 26th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.85 billion. CMS Energy had a return on equity of 14.33% and a net margin of 7.48%. CMS Energy’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. equities research analysts forecast that CMS Energy will post 2.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 4th will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $1.43 annualized dividend and a yield of 3.27%. CMS Energy’s payout ratio is 65.90%.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised CMS Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday. TheStreet raised CMS Energy from a “c+” rating to an “a-” rating in a research note on Thursday, April 26th. KeyCorp increased their price target on CMS Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 18th. Morgan Stanley upped their target price on CMS Energy from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, April 16th. Finally, Citigroup initiated coverage on CMS Energy in a report on Friday, April 13th. They issued a “neutral” rating and a $46.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $48.08.
CMS Energy Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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