Ladenburg Thalmann Financial Services Inc. increased its holdings in CMS Energy Co. (NYSE:CMS) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,695 shares of the utilities provider’s stock after purchasing an additional 3,226 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in CMS Energy were worth $1,163,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of CMS Energy by 5.4% during the first quarter. BlackRock Inc. now owns 29,023,347 shares of the utilities provider’s stock valued at $1,314,466,000 after acquiring an additional 1,489,311 shares during the period. Eaton Vance Management raised its holdings in shares of CMS Energy by 72.8% during the first quarter. Eaton Vance Management now owns 3,516,719 shares of the utilities provider’s stock valued at $159,272,000 after acquiring an additional 1,481,117 shares during the period. Renaissance Technologies LLC raised its holdings in shares of CMS Energy by 69.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,234,500 shares of the utilities provider’s stock valued at $152,992,000 after acquiring an additional 1,329,800 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of CMS Energy during the first quarter valued at approximately $56,726,000. Finally, Zimmer Partners LP raised its holdings in shares of CMS Energy by 185.9% during the fourth quarter. Zimmer Partners LP now owns 1,365,000 shares of the utilities provider’s stock valued at $64,565,000 after acquiring an additional 887,500 shares during the period. Institutional investors and hedge funds own 88.35% of the company’s stock.
CMS Energy stock opened at $47.28 on Friday. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.17 and a beta of 0.08. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 1.96. CMS Energy Co. has a twelve month low of $40.48 and a twelve month high of $50.85.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 26th. The utilities provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CMS Energy had a net margin of 7.48% and a return on equity of 14.33%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. equities research analysts forecast that CMS Energy Co. will post 2.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Friday, May 4th were paid a $0.3575 dividend. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $1.43 annualized dividend and a yield of 3.02%. CMS Energy’s dividend payout ratio is presently 65.90%.
A number of equities research analysts have recently issued reports on CMS shares. Morgan Stanley cut their price target on shares of CMS Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Zacks Investment Research upgraded shares of CMS Energy from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, April 11th. TheStreet upgraded shares of CMS Energy from a “c+” rating to an “a-” rating in a report on Thursday, April 26th. KeyCorp boosted their price target on shares of CMS Energy from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. Finally, Citigroup started coverage on shares of CMS Energy in a report on Friday, April 13th. They set a “neutral” rating and a $46.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $47.75.
In other CMS Energy news, VP Glenn P. Barba sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the transaction, the vice president now owns 32,161 shares in the company, valued at approximately $1,506,742.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $46.62, for a total transaction of $46,620.00. Following the completion of the transaction, the insider now owns 31,753 shares in the company, valued at approximately $1,480,324.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,611 shares of company stock worth $817,617. Company insiders own 0.65% of the company’s stock.
CMS Energy Company 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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