3 days Ago By ABMN Staff
Texas Permanent School Fund Corp cut its holdings in CMS Energy Co. ( NYSE:CMS – Free Report ) by 20.0% during the 2nd quarter, Holdings Channel.
com reports. The institutional investor owned 48,675 shares of the utilities provider’s stock after selling 12,176 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CMS Energy were worth $2,898,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in CMS. Principal Securities Inc. purchased a new position in CMS Energy in the 4th quarter valued at about $61,000.
QRG Capital Management Inc. lifted its holdings in CMS Energy by 10.5% in the 4th quarter.
QRG Capital Management Inc. now owns 8,286 shares of the utilities provider’s stock valued at $481,000 after purchasing an additional 784 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in CMS Energy by 1.
8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock valued at $60,326,000 after purchasing an additional 18,636 shares in the last quarter. Principal Financial Group Inc.
lifted its holdings in CMS Energy by 0.7% in the 4th quarter. Principal Financial Group Inc.
now owns 372,364 shares of the utilities provider’s stock valued at $21,623,000 after purchasing an additional 2,549 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in CMS Energy by 16.0% in the 4th quarter.
Vanguard Personalized Indexing Management LLC now owns 20,640 shares of the utilities provider’s stock valued at $1,199,000 after purchasing an additional 2,852 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of research analysts have issued reports on CMS shares. Evercore ISI upgraded shares of CMS Energy to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company upped their target price on shares of CMS Energy from $66.
00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Morgan Stanley upped their price objective on shares of CMS Energy from $60.
00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Barclays upped their price objective on shares of CMS Energy from $60.
00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 13th. Finally, Scotiabank upped their price objective on shares of CMS Energy from $66.
00 to $75.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock.
Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.33. CMS Energy Stock Up 1.
1 % CMS opened at $70.09 on Monday. The firm has a 50 day moving average price of $65.
22 and a 200 day moving average price of $61.90. The company has a market cap of $20.
94 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.
40. CMS Energy Co. has a 1 year low of $49.
87 and a 1 year high of $70.12. The company has a debt-to-equity ratio of 1.
80, a quick ratio of 0.87 and a current ratio of 1.18.
CMS Energy ( NYSE:CMS – Get Free Report ) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
63 by $0.03. The firm had revenue of $1.
61 billion during the quarter, compared to the consensus estimate of $1.73 billion. CMS Energy had a net margin of 13.
10% and a return on equity of 12.25%. The company’s revenue was up 3.
3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS.
Sell-side analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current year.
CMS Energy Cuts Dividend The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a $0.51 dividend.
This represents a $2.04 dividend on an annualized basis and a yield of 2.91%.
The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s dividend payout ratio is presently 62.80%.
CMS Energy Company Profile ( Free Report ) CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity.
This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. See Also Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co.
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