Moody National Bank Trust Division lowered its position in CMS Energy Co. (NYSE:CMS) by 0.9% during the first quarter, HoldingsChannel.com reports. The firm owned 113,770 shares of the utilities provider’s stock after selling 1,013 shares during the quarter. Moody National Bank Trust Division’s holdings in CMS Energy were worth $6,965,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CMS. Nuveen Asset Management LLC grew its stake in CMS Energy by 134.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,443,735 shares of the utilities provider’s stock valued at $149,092,000 after purchasing an additional 1,401,845 shares in the last quarter. Norges Bank bought a new stake in shares of CMS Energy during the 4th quarter worth about $78,403,000. Ceredex Value Advisors LLC bought a new stake in shares of CMS Energy during the 4th quarter worth about $47,074,000. JPMorgan Chase & Co. boosted its stake in shares of CMS Energy by 3.5% during the 4th quarter. JPMorgan Chase & Co. now owns 21,419,719 shares of the utilities provider’s stock worth $1,306,814,000 after acquiring an additional 719,810 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of CMS Energy during the 4th quarter worth about $29,786,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
CMS has been the subject of several research analyst reports. Mizuho raised CMS Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $65.00 in a research report on Monday. TheStreet raised CMS Energy from a “c+” rating to a “b” rating in a research report on Thursday, April 8th. Seaport Global Securities reissued a “neutral” rating on shares of CMS Energy in a research report on Tuesday. Morgan Stanley boosted their price objective on CMS Energy from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th. Finally, Credit Suisse Group boosted their price objective on CMS Energy from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. CMS Energy currently has a consensus rating of “Hold” and an average price target of $64.15.
CMS stock opened at $63.40 on Friday. CMS Energy Co. has a 1-year low of $52.35 and a 1-year high of $67.98. The firm has a market cap of $18.35 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.94 and a beta of 0.11. The business’s 50 day moving average is $58.51 and its 200-day moving average is $60.08. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 2.26.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Wednesday, February 3rd. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. CMS Energy had a return on equity of 14.92% and a net margin of 11.44%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up .2% compared to the same quarter last year. Sell-side analysts forecast that CMS Energy Co. will post 2.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Friday, February 5th were paid a $0.435 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.41. This represents a $1.74 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Thursday, February 4th. CMS Energy’s dividend payout ratio is currently 69.88%.
CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.
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