Magnetar Financial LLC Purchases New Holdings in CMS Energy Co. (CMS)

Magnetar Financial LLC purchased a new stake in CMS Energy Co. (NYSE:CMS) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,030 shares of the utilities provider’s stock, valued at approximately $650,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in CMS Energy by 11.6% during the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after buying an additional 2,653,503 shares during the last quarter. JPMorgan Chase & Co. raised its position in CMS Energy by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after buying an additional 2,145,055 shares during the last quarter. Eaton Vance Management raised its position in CMS Energy by 339.0% during the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after buying an additional 1,957,005 shares during the last quarter. Janus Henderson Group PLC raised its position in CMS Energy by 3,063.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock worth $60,263,000 after buying an additional 1,261,775 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its position in CMS Energy by 25,046.4% during the 2nd quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock worth $41,392,000 after buying an additional 891,400 shares during the last quarter. 87.42% of the stock is owned by hedge funds and other institutional investors.

Shares of CMS Energy Co. (CMS) opened at $50.09 on Tuesday. CMS Energy Co. has a one year low of $40.39 and a one year high of $50.85. The stock has a market cap of $14,063.97, a price-to-earnings ratio of 25.57, a P/E/G ratio of 3.55 and a beta of 0.19. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. equities analysts expect that CMS Energy Co. will post 2.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.3325 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.66%. CMS Energy’s dividend payout ratio (DPR) is presently 68.91%.

CMS has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target for the company. KeyCorp reaffirmed a “buy” rating and set a $51.00 target price on shares of CMS Energy in a report on Friday, October 20th. BidaskClub raised shares of CMS Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Morgan Stanley lifted their target price on shares of CMS Energy from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Finally, Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $48.90.

In other news, insider David G. Mengebier sold 2,500 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total transaction of $123,700.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the transaction, the insider now directly owns 28,176 shares in the company, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

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About CMS Energy

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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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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