State Treasurer State of Michigan boosted its stake in CMS Energy Corp. (NYSE:CMS) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,399 shares of the company’s stock after buying an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in CMS Energy Corp. were worth $4,092,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Partners LLC raised its position in CMS Energy Corp. by 8.9% in the third quarter. Advisor Partners LLC now owns 5,571 shares of the company’s stock valued at $234,000 after buying an additional 457 shares during the last quarter. Aperio Group LLC raised its position in CMS Energy Corp. by 3.8% in the third quarter. Aperio Group LLC now owns 125,444 shares of the company’s stock valued at $5,270,000 after buying an additional 4,581 shares during the last quarter. Arizona State Retirement System raised its position in CMS Energy Corp. by 0.3% in the third quarter. Arizona State Retirement System now owns 68,698 shares of the company’s stock valued at $2,886,000 after buying an additional 200 shares during the last quarter. BB&T Corp raised its position in CMS Energy Corp. by 9.6% in the third quarter. BB&T Corp now owns 127,248 shares of the company’s stock valued at $5,346,000 after buying an additional 11,109 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in CMS Energy Corp. by 218.7% in the third quarter. NEXT Financial Group Inc now owns 3,592 shares of the company’s stock valued at $151,000 after buying an additional 2,465 shares during the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.
CMS Energy Corp. (NYSE:CMS) traded up 2.27% during mid-day trading on Monday, reaching $41.52. 1,870,802 shares of the company traded hands. CMS Energy Corp. has a 12-month low of $34.18 and a 12-month high of $46.25. The company’s 50-day moving average is $40.75 and its 200-day moving average is $42.59. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 19.95 and a beta of 0.08.
CMS Energy Corp. (NYSE:CMS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.10. CMS Energy Corp. had a return on equity of 14.16% and a net margin of 9.25%. The firm earned $1.59 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Equities analysts predict that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Friday, November 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.24 annualized dividend and a yield of 2.99%. CMS Energy Corp.’s payout ratio is currently 59.33%.
Several research firms have issued reports on CMS. Zacks Investment Research lowered shares of CMS Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 28th. SunTrust Banks Inc. raised their price objective on shares of CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $43.75.
In related news, Director William D. Harvey acquired 3,000 shares of the stock in a transaction on Wednesday, November 9th. The stock was purchased at an average price of $40.59 per share, for a total transaction of $121,770.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.93% of the stock is owned by company insiders.
CMS Energy Corp. Company Profile
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.