Icon Advisers Inc. Co. reduced its position in CMS Energy Corp. (NYSE:CMS) by 54.6% during the third quarter, Holdings Channel reports. The institutional investor owned 95,076 shares of the company’s stock after selling 114,400 shares during the period. Icon Advisers Inc. Co.’s holdings in CMS Energy Corp. were worth $3,994,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. PGGM Investments boosted its position in CMS Energy Corp. by 298.8% in the second quarter. PGGM Investments now owns 941,700 shares of the company’s stock worth $43,186,000 after buying an additional 705,588 shares in the last quarter. Standard Life Investments LTD boosted its position in CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock worth $364,192,000 after buying an additional 1,449,503 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in CMS Energy Corp. by 2.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 860,070 shares of the company’s stock worth $39,443,000 after buying an additional 23,220 shares in the last quarter. First Republic Investment Management Inc. boosted its position in CMS Energy Corp. by 72.4% in the first quarter. First Republic Investment Management Inc. now owns 17,423 shares of the company’s stock worth $739,000 after buying an additional 7,315 shares in the last quarter. Finally, Monarch Partners Asset Management LLC boosted its position in CMS Energy Corp. by 94.0% in the second quarter. Monarch Partners Asset Management LLC now owns 316,819 shares of the company’s stock worth $14,529,000 after buying an additional 153,510 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.
Shares of CMS Energy Corp. (NYSE:CMS) traded up 2.22% on Friday, reaching $40.60. The company had a trading volume of 425,821 shares. The company’s 50-day moving average is $40.74 and its 200 day moving average is $42.59. The firm has a market capitalization of $11.33 billion, a PE ratio of 19.51 and a beta of 0.08. CMS Energy Corp. has a 12 month low of $34.18 and a 12 month high of $46.25.
CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.10. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.63 billion. CMS Energy Corp. had a return on equity of 14.16% and a net margin of 9.25%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts forecast that CMS Energy Corp. will post $2.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Friday, November 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, November 2nd. CMS Energy Corp.’s dividend payout ratio (DPR) is currently 59.33%.
A number of equities analysts have issued reports on the company. SunTrust Banks Inc. upped their target price on CMS Energy Corp. from $43.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, September 26th. Zacks Investment Research raised CMS Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, October 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.75.
In other CMS Energy Corp. news, Director William D. Harvey bought 3,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $40.59 per share, with a total value of $121,770.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is owned by company insiders.
About CMS Energy Corp.
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.