CMS Energy Co. (CMS) Stake Lifted by World Asset Management Inc

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World Asset Management Inc increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 10.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,688 shares of the utilities provider’s stock after purchasing an additional 1,715 shares during the quarter. World Asset Management Inc’s holdings in CMS Energy were worth $1,038,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reilly Financial Advisors LLC acquired a new stake in CMS Energy during the 4th quarter worth approximately $25,000. Clean Yield Group acquired a new stake in CMS Energy in the fourth quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund grew its position in CMS Energy by 4,803.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 1,483,006 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in CMS Energy in the fourth quarter valued at approximately $30,000. Finally, Advisors Preferred LLC acquired a new stake in CMS Energy in the fourth quarter valued at approximately $31,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John G. Russell sold 16,800 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total transaction of $929,880.00. Following the completion of the sale, the director now owns 299,196 shares of the company’s stock, valued at $16,560,498.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Catherine M. Reynolds sold 8,187 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $53.02, for a total transaction of $434,074.74. Following the sale, the senior vice president now directly owns 129,389 shares of the company’s stock, valued at approximately $6,860,204.78. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

CMS has been the subject of several recent research reports. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, April 3rd. Guggenheim reaffirmed a “hold” rating and issued a $53.00 price objective on shares of CMS Energy in a research report on Monday, January 7th. SunTrust Banks reaffirmed a “hold” rating and issued a $56.00 price objective on shares of CMS Energy in a research report on Monday, February 25th. Goldman Sachs Group initiated coverage on shares of CMS Energy in a research report on Wednesday, January 16th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, Bank of America raised shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CMS Energy presently has an average rating of “Buy” and an average target price of $54.77.

CMS stock opened at $54.58 on Friday. CMS Energy Co. has a twelve month low of $42.52 and a twelve month high of $56.29. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.92. The company has a market cap of $15.76 billion, a PE ratio of 23.42, a P/E/G ratio of 3.49 and a beta of 0.18.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). CMS Energy had a return on equity of 13.16% and a net margin of 9.01%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business posted $0.86 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that CMS Energy Co. will post 2.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, May 2nd. CMS Energy’s payout ratio is currently 65.67%.

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About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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

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