BlueCrest Capital Management Ltd purchased a new stake in shares of CMS Energy Co. (NYSE:CMS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,452 shares of the utilities provider’s stock, valued at approximately $6,239,000.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its stake in CMS Energy by 2,081.4% in the first quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock valued at $1,023,636,000 after buying an additional 21,830,781 shares during the period. Norges Bank bought a new position in shares of CMS Energy during the fourth quarter valued at approximately $94,122,000. Vanguard Group Inc. increased its position in shares of CMS Energy by 3.9% in the first quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock valued at $1,275,656,000 after buying an additional 1,065,859 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of CMS Energy by 1,171.6% in the first quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock worth $39,313,000 after buying an additional 809,600 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of CMS Energy by 1,561,904.2% in the first quarter. Canada Pension Plan Investment Board now owns 749,762 shares of the utilities provider’s stock worth $33,544,000 after buying an additional 749,714 shares in the last quarter. Institutional investors own 86.98% of the company’s stock.
CMS Energy Co. (NYSE:CMS) opened at 46.10 on Wednesday. The company has a 50-day moving average price of $46.89 and a 200 day moving average price of $44.87. CMS Energy Co. has a 1-year low of $38.78 and a 1-year high of $48.37. The stock has a market cap of $12.91 billion, a P/E ratio of 21.94 and a beta of 0.16.
CMS Energy (NYSE:CMS) last posted its earnings results on Monday, May 1st. The utilities provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. CMS Energy had a net margin of 10.88% and a return on equity of 18.51%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. Equities analysts expect that CMS Energy Co. will post $2.17 earnings per share for the current fiscal year.
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A number of research analysts have recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price objective on shares of CMS Energy in a research note on Tuesday, May 2nd. Barclays PLC reaffirmed an “equal weight” rating and issued a $49.00 target price (up from $44.00) on shares of CMS Energy in a research report on Sunday, April 23rd. BidaskClub lowered CMS Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Deutsche Bank AG boosted their price objective on CMS Energy from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. CMS Energy has an average rating of “Hold” and an average price target of $46.50.
In other CMS Energy news, insider Dhenuvakonda Rao Venkat sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $45.50, for a total value of $91,000.00. Following the sale, the insider now owns 30,022 shares in the company, valued at approximately $1,366,001. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Catherine M. Reynolds sold 10,246 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $45.49, for a total transaction of $466,090.54. Following the completion of the sale, the senior vice president now owns 113,956 shares in the company, valued at approximately $5,183,858.44. The disclosure for this sale can be found here. Insiders have sold a total of 88,246 shares of company stock worth $4,114,711 in the last quarter. Corporate insiders own 0.65% of the company’s stock.
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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