National Pension Service increased its position in CMS Energy Co. (NYSE:CMS) by 5.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 255,143 shares of the utilities provider’s stock after buying an additional 13,341 shares during the period. National Pension Service owned about 0.09% of CMS Energy worth $11,387,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of CMS Energy during the fourth quarter worth about $94,122,000. Capital Research Global Investors boosted its position in shares of CMS Energy by 14.5% in the third quarter. Capital Research Global Investors now owns 10,906,300 shares of the utilities provider’s stock worth $458,174,000 after buying an additional 1,379,934 shares during the last quarter. Energy Income Partners LLC bought a new position in shares of CMS Energy during the fourth quarter worth about $43,760,000. Russell Investments Group Ltd. bought a new position in shares of CMS Energy during the fourth quarter worth about $32,179,000. Finally, RidgeWorth Capital Management LLC bought a new position in shares of CMS Energy during the fourth quarter worth about $27,808,000. Institutional investors and hedge funds own 88.34% of the company’s stock.
CMS Energy Co. (NYSE:CMS) opened at 44.82 on Friday. The stock’s 50 day moving average price is $44.81 and its 200-day moving average price is $42.38. CMS Energy Co. has a one year low of $38.78 and a one year high of $46.25. The stock has a market cap of $12.53 billion, a P/E ratio of 22.64 and a beta of 0.08.
CMS Energy (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The company earned $1.64 billion during the quarter, compared to analysts’ expectations of $2.15 billion. CMS Energy had a return on equity of 13.31% and a net margin of 8.61%. CMS Energy’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, analysts predict that CMS Energy Co. will post $2.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 5th will be paid a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, May 3rd. This represents a $1.33 annualized dividend and a yield of 2.97%. CMS Energy’s dividend payout ratio (DPR) is currently 66.83%.
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A number of equities analysts recently issued reports on CMS shares. Credit Suisse Group AG started coverage on CMS Energy in a report on Wednesday, January 25th. They issued a “neutral” rating and a $44.00 target price on the stock. Zacks Investment Research cut CMS Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Royal Bank of Canada restated a “hold” rating and issued a $46.00 target price on shares of CMS Energy in a report on Wednesday, January 4th. Evercore ISI upgraded CMS Energy to an “outperform” rating in a report on Monday, March 6th. Finally, Deutsche Bank AG lifted their price target on CMS Energy from $47.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.13.
CMS Energy 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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