Trade Report: Today, Duff & Phelps Investment Management Co. Boosts Position in CMS Energy Corp. (CMS)

Today, Duff & Phelps Investment Management Co. Boosts Position in CMS Energy Corp. (CMS)

Duff & Phelps Investment Management Co. boosted its stake in shares of CMS Energy Corp. (NYSE:CMS) by 2.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,630,475 shares of the company’s stock after buying an additional 52,610 shares during the period. CMS Energy Corp. comprises about 1.6% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 7th largest position. Duff & Phelps Investment Management Co.’s holdings in CMS Energy Corp. were worth $110,506,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of CMS Energy Corp. by 41.2% in the second quarter. Creative Planning now owns 69,300 shares of the company’s stock worth $3,178,000 after buying an additional 20,209 shares in the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of CMS Energy Corp. by 1.7% in the second quarter. BKD Wealth Advisors LLC now owns 4,927 shares of the company’s stock worth $226,000 after buying an additional 80 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of CMS Energy Corp. by 2.3% in the second quarter. Gulf International Bank UK Ltd now owns 83,643 shares of the company’s stock worth $3,835,000 after buying an additional 1,900 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of CMS Energy Corp. by 2.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 239,672 shares of the company’s stock worth $10,992,000 after buying an additional 5,804 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of CMS Energy Corp. by 7.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 72,260 shares of the company’s stock worth $3,314,000 after buying an additional 4,777 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

CMS Energy Corp. (NYSE:CMS) opened at 41.52 on Tuesday. CMS Energy Corp. has a one year low of $34.18 and a one year high of $46.25. The firm has a 50-day moving average price of $40.79 and a 200-day moving average price of $42.60. The firm 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 posted its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that CMS Energy Corp. will post $2.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, November 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. CMS Energy Corp.’s dividend payout ratio is presently 59.33%.

CMS has been the topic of a number of analyst reports. Zacks Investment Research cut CMS Energy Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. SunTrust Banks Inc. dropped their price objective on CMS Energy Corp. from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.75.

In related news, Director William D. Harvey bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $40.59 per share, for a total transaction of $121,770.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by 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.

Related posts

Leave a Comment

Trade Report: Today, Duff & Phelps Investment Management Co. Boosts Position in CMS Energy Corp. (CMS)

Today, Duff & Phelps Investment Management Co. Boosts Position in CMS Energy Corp. (CMS)

Duff & Phelps Investment Management Co. boosted its stake in shares of CMS Energy Corp. (NYSE:CMS) by 2.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,630,475 shares of the company’s stock after buying an additional 52,610 shares during the period. CMS Energy Corp. comprises about 1.6% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 7th largest position. Duff & Phelps Investment Management Co.’s holdings in CMS Energy Corp. were worth $110,506,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of CMS Energy Corp. by 41.2% in the second quarter. Creative Planning now owns 69,300 shares of the company’s stock worth $3,178,000 after buying an additional 20,209 shares in the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of CMS Energy Corp. by 1.7% in the second quarter. BKD Wealth Advisors LLC now owns 4,927 shares of the company’s stock worth $226,000 after buying an additional 80 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of CMS Energy Corp. by 2.3% in the second quarter. Gulf International Bank UK Ltd now owns 83,643 shares of the company’s stock worth $3,835,000 after buying an additional 1,900 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of CMS Energy Corp. by 2.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 239,672 shares of the company’s stock worth $10,992,000 after buying an additional 5,804 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of CMS Energy Corp. by 7.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 72,260 shares of the company’s stock worth $3,314,000 after buying an additional 4,777 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

CMS Energy Corp. (NYSE:CMS) opened at 41.52 on Tuesday. CMS Energy Corp. has a one year low of $34.18 and a one year high of $46.25. The firm has a 50-day moving average price of $40.79 and a 200-day moving average price of $42.60. The firm 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 posted its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that CMS Energy Corp. will post $2.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, November 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.99%. CMS Energy Corp.’s dividend payout ratio is presently 59.33%.

CMS has been the topic of a number of analyst reports. Zacks Investment Research cut CMS Energy Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. SunTrust Banks Inc. dropped their price objective on CMS Energy Corp. from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.75.

In related news, Director William D. Harvey bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $40.59 per share, for a total transaction of $121,770.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by 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.

Related posts

Leave a Comment