ING Groep NV Reduces Stake in CMS Energy Co. (CMS)

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ING Groep NV cut its position in CMS Energy Co. (NYSE:CMS) by 23.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,969 shares of the utilities provider’s stock after selling 4,187 shares during the quarter. ING Groep NV’s holdings in CMS Energy were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of CMS Energy by 3.4% in the first quarter. Wells Fargo & Company MN now owns 1,695,155 shares of the utilities provider’s stock valued at $76,774,000 after purchasing an additional 55,303 shares during the period. Daiwa Securities Group Inc. raised its position in shares of CMS Energy by 13.9% in the first quarter. Daiwa Securities Group Inc. now owns 9,403 shares of the utilities provider’s stock valued at $426,000 after purchasing an additional 1,150 shares during the period. Rhumbline Advisers raised its position in shares of CMS Energy by 0.6% in the first quarter. Rhumbline Advisers now owns 600,541 shares of the utilities provider’s stock valued at $27,199,000 after purchasing an additional 3,836 shares during the period. Dupont Capital Management Corp bought a new position in shares of CMS Energy in the first quarter valued at about $144,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of CMS Energy in the first quarter valued at about $328,000. 89.62% of the stock is owned by institutional investors and hedge funds.

NYSE:CMS opened at $50.18 on Thursday. CMS Energy Co. has a 52 week low of $40.48 and a 52 week high of $50.85. The stock has a market cap of $13.95 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 3.41 and a beta of 0.01. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.68 and a current ratio of 0.90.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 26th. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. CMS Energy had a net margin of 8.13% and a return on equity of 15.14%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. equities research analysts anticipate that CMS Energy Co. will post 2.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 3rd were issued a $0.3575 dividend. This represents a $1.43 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, August 2nd. CMS Energy’s dividend payout ratio is currently 65.90%.

In other CMS Energy news, Director Jon E. Barfield sold 2,861 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $48.45, for a total value of $138,615.45. 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 firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $48.77, for a total transaction of $48,770.00. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, June 14th. Morgan Stanley raised their price target on shares of CMS Energy from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. KeyCorp raised their price target on shares of CMS Energy from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 30th. Howard Weil reaffirmed a “sector outperform” rating on shares of CMS Energy in a research report on Tuesday, July 24th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price target on shares of CMS Energy in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.27.

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

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