Epoch Investment Partners Inc. Lowers Position in CMS Energy Co. (CMS)

Epoch Investment Partners Inc. trimmed its holdings in CMS Energy Co. (NYSE:CMS) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 401,195 shares of the utilities provider’s stock after selling 18,317 shares during the period. Epoch Investment Partners Inc. owned 0.14% of CMS Energy worth $19,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manning & Napier Group LLC grew its stake in CMS Energy by 3.8% in the 3rd quarter. Manning & Napier Group LLC now owns 28,266 shares of the utilities provider’s stock valued at $1,384,000 after acquiring an additional 1,045 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in CMS Energy by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 709,247 shares of the utilities provider’s stock valued at $33,531,000 after acquiring an additional 9,437 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in CMS Energy by 17.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,361,360 shares of the utilities provider’s stock valued at $64,365,000 after acquiring an additional 200,900 shares during the last quarter. Personal Capital Advisors Corp grew its stake in CMS Energy by 1,361.0% in the 3rd quarter. Personal Capital Advisors Corp now owns 149,023 shares of the utilities provider’s stock valued at $7,302,000 after acquiring an additional 138,823 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in CMS Energy in the 2nd quarter valued at about $822,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on CMS. Morgan Stanley lowered their price objective on shares of CMS Energy from $51.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Citigroup upped their target price on shares of CMS Energy from $49.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday, October 2nd. Barclays upped their target price on shares of CMS Energy from $51.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, November 19th. SunTrust Banks restated a “hold” rating and issued a $50.00 target price on shares of CMS Energy in a report on Wednesday, November 7th. Finally, Bank of America lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $53.00 to $52.00 in a report on Friday, October 12th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.50.

In other news, insider Brandon J. Hofmeister sold 500 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total transaction of $25,940.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brian F. Rich sold 4,000 shares of the stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $49.69, for a total transaction of $198,760.00. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

NYSE:CMS opened at $52.93 on Friday. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.66 and a beta of 0.03. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.47 and a current ratio of 0.69. CMS Energy Co. has a 12-month low of $40.48 and a 12-month high of $53.35.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same period in the prior year, the firm earned $0.62 EPS. Analysts forecast that CMS Energy Co. will post 2.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were issued a dividend of $0.3575 per share. The ex-dividend date was Thursday, November 1st. This represents a $1.43 annualized dividend and a dividend yield of 2.70%. CMS Energy’s payout ratio is currently 65.90%.

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

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