BNP Paribas Arbitrage SA reduced its stake in shares of CMS Energy Corp. (NYSE:CMS) by 4.9% during the third quarter, Holdings Channel reports. The firm owned 119,093 shares of the company’s stock after selling 6,077 shares during the period. BNP Paribas Arbitrage SA’s holdings in CMS Energy Corp. were worth $5,003,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of CMS. JPMorgan Chase & Co. raised its position in CMS Energy Corp. by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 21,112,568 shares of the company’s stock valued at $968,220,000 after buying an additional 305,407 shares during the period. Bank of New York Mellon Corp raised its position in CMS Energy Corp. by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 18,578,571 shares of the company’s stock valued at $852,013,000 after buying an additional 630,774 shares during the period. State Street Corp raised its position in CMS Energy Corp. by 0.4% in the second quarter. State Street Corp now owns 14,369,725 shares of the company’s stock valued at $659,004,000 after buying an additional 59,357 shares during the period. Capital Research Global Investors raised its position in CMS Energy Corp. by 12.7% in the second quarter. Capital Research Global Investors now owns 9,526,366 shares of the company’s stock valued at $436,879,000 after buying an additional 1,072,066 shares during the period. Finally, Standard Life Investments LTD raised 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 valued at $364,192,000 after buying an additional 1,449,503 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.
CMS Energy Corp. (NYSE:CMS) traded up 2.22% during mid-day trading on Friday, hitting $40.60. 787,274 shares of the company were exchanged. The stock has a market cap of $11.33 billion, a P/E 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. The company has a 50 day moving average of $40.75 and a 200 day moving average of $42.59.
CMS Energy Corp. (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.10. CMS Energy Corp. had a net margin of 9.25% and a return on equity of 14.16%. The company earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Wednesday, November 2nd. CMS Energy Corp.’s dividend payout ratio is 59.33%.
A number of research firms have issued reports on CMS. Zacks Investment Research raised shares of CMS Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research note on Wednesday, October 19th. SunTrust Banks Inc. reduced their target price on shares of CMS Energy Corp. from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, August 29th. Finally, BMO Capital Markets reissued a “buy” rating on shares of CMS Energy Corp. in a research note on Friday, July 29th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CMS Energy Corp. currently has an average rating of “Hold” and an average price target of $43.75.
In other CMS Energy Corp. news, Director William D. Harvey acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $40.59 per share, for a total transaction of $121,770.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.93% of the stock is currently owned by 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.