AMF Pensionsforsakring AB maintained its stake in shares of CMS Energy Corporation (NYSE:CMS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 665,806 shares of the utilities provider’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned about 0.24% of CMS Energy Corporation worth $29,788,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in CMS. Huntington National Bank increased its stake in shares of CMS Energy Corporation by 23.7% in the second quarter. Huntington National Bank now owns 10,015 shares of the utilities provider’s stock valued at $463,000 after buying an additional 1,917 shares in the last quarter. Forsta AP Fonden increased its stake in shares of CMS Energy Corporation by 8.6% in the second quarter. Forsta AP Fonden now owns 199,148 shares of the utilities provider’s stock valued at $9,211,000 after buying an additional 15,700 shares in the last quarter. Highland Capital Management LLC increased its stake in shares of CMS Energy Corporation by 1.5% in the second quarter. Highland Capital Management LLC now owns 139,057 shares of the utilities provider’s stock valued at $6,431,000 after buying an additional 2,000 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of CMS Energy Corporation by 12.6% in the second quarter. Rehmann Capital Advisory Group now owns 5,953 shares of the utilities provider’s stock valued at $275,000 after buying an additional 667 shares in the last quarter. Finally, First Quadrant L P CA increased its stake in shares of CMS Energy Corporation by 303.6% in the second quarter. First Quadrant L P CA now owns 179,516 shares of the utilities provider’s stock valued at $8,303,000 after buying an additional 135,032 shares in the last quarter. 87.12% of the stock is owned by institutional investors and hedge funds.
Shares of CMS Energy Corporation (NYSE:CMS) traded up 0.02% on Friday, reaching $47.03. The company’s stock had a trading volume of 2,044,895 shares. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37. The company’s 50 day moving average is $46.65 and its 200-day moving average is $45.19. The stock has a market cap of $13.24 billion, a PE ratio of 23.75 and a beta of 0.16.
CMS Energy Corporation (NYSE:CMS) last posted its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 4th will be issued a dividend of $0.3325 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.83%. CMS Energy Corporation’s dividend payout ratio is presently 66.83%.
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Several equities research analysts have recently commented on the company. Morgan Stanley began coverage on CMS Energy Corporation in a report on Monday, July 31st. They set an “equal weight” rating and a $47.00 target price for the company. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a research note on Monday, July 31st. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $50.00 in a research note on Monday, July 24th. BidaskClub downgraded CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $49.00 price objective (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CMS Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $47.50.
In other news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $45.50, for a total value of $91,000.00. Following the sale, the insider now directly owns 30,022 shares in the company, valued at $1,366,001. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel J. Malone sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $47.42, for a total value of $474,200.00. Following the completion of the sale, the insider now owns 148,622 shares in the company, valued at $7,047,655.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,246 shares of company stock worth $4,114,711. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Corporation Company Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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