Quantitative Investment Management LLC lowered its stake in CMS Energy Co. (NYSE:CMS) by 39.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 169,500 shares of the utilities provider’s stock after selling 108,200 shares during the period. Quantitative Investment Management LLC owned approximately 0.06% of CMS Energy worth $8,017,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation grew its stake in CMS Energy by 8,255.2% in the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock valued at $112,000 after buying an additional 2,394 shares during the last quarter. Cerebellum GP LLC acquired a new position in CMS Energy in the 4th quarter valued at about $122,000. Tower Research Capital LLC TRC grew its stake in CMS Energy by 271.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $129,000 after buying an additional 1,998 shares during the last quarter. IBM Retirement Fund acquired a new position in CMS Energy in the 3rd quarter valued at about $205,000. Finally, Mackenzie Financial Corp acquired a new position in CMS Energy in the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 88.32% of the company’s stock.
In other news, SVP Catherine M. Reynolds sold 8,310 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.40, for a total transaction 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 approximately $5,503,554. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.
CMS Energy (NYSE:CMS) last announced its earnings results on Wednesday, February 14th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.51. CMS Energy had a net margin of 6.99% and a return on equity of 13.60%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. sell-side analysts expect that CMS Energy Co. will post 2.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were issued a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Thursday, February 15th. This is an increase from CMS Energy’s previous quarterly dividend of $0.33. CMS Energy’s dividend payout ratio is 87.20%.
A number of research analysts recently commented on the stock. Morgan Stanley decreased their price target 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, February 13th. UBS Group assumed coverage on shares of CMS Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $49.00 price target on the stock. Hilliard Lyons upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research lowered shares of CMS Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $46.00 price target on shares of CMS Energy in a research note on Tuesday, December 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CMS Energy presently has a consensus rating of “Buy” and a consensus price target of $48.29.
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CMS Energy 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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