Gulf International Bank UK Ltd reduced its holdings in shares of CMS Energy Co. (NYSE:CMS) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,957 shares of the utilities provider’s stock after selling 29,311 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CMS Energy were worth $3,473,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc boosted its position in shares of CMS Energy by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 33,531,947 shares of the utilities provider’s stock worth $1,643,065,000 after acquiring an additional 723,850 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of CMS Energy by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,234,196 shares of the utilities provider’s stock worth $746,475,000 after acquiring an additional 112,508 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CMS Energy by 60,837.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,982,113 shares of the utilities provider’s stock worth $734,124,000 after acquiring an additional 14,957,527 shares in the last quarter. Capital World Investors acquired a new position in shares of CMS Energy during the 3rd quarter worth about $628,406,000. Finally, Renaissance Technologies LLC boosted its position in shares of CMS Energy by 62.4% during the 3rd quarter. Renaissance Technologies LLC now owns 2,912,300 shares of the utilities provider’s stock worth $142,703,000 after acquiring an additional 1,118,600 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.
CMS opened at $49.73 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 1.87. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.15 and a beta of 0.13. CMS Energy Co. has a 52 week low of $40.48 and a 52 week high of $53.82.
CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. CMS Energy had a return on equity of 14.88% and a net margin of 8.00%. During the same period in the prior year, the business earned $0.62 EPS. On average, equities research analysts expect that CMS Energy Co. will post 2.34 earnings per share for the current fiscal year.
CMS has been the subject of a number of research analyst reports. Scotiabank reissued a “buy” rating and issued a $54.00 target price on shares of CMS Energy in a research report on Friday, December 14th. Guggenheim reissued a “hold” rating and issued a $53.00 target price on shares of CMS Energy in a research report on Monday, January 7th. Wolfe Research cut CMS Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 26th. ValuEngine raised CMS Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research cut CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.55.
In other CMS Energy news, insider Brandon J. Hofmeister sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $51.88, for a total transaction of $25,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brian F. Rich sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $49.69, for a total value of $198,760.00. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.
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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.
See Also: Net Asset Value
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