Edgestream Partners L.P. decreased its position in shares of CMS Energy Corporation (NYSE:CMS) by 27.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,776 shares of the utilities provider’s stock after selling 3,697 shares during the quarter. Edgestream Partners L.P.’s holdings in CMS Energy Corporation were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of CMS. Van ECK Associates Corp grew its holdings in shares of CMS Energy Corporation by 18.0% during the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock valued at $108,000 after buying an additional 370 shares during the last quarter. Brookfield Asset Management Inc. bought a new position in CMS Energy Corporation during the first quarter valued at approximately $159,000. Meeder Asset Management Inc. bought a new position in CMS Energy Corporation during the second quarter valued at approximately $185,000. Laurion Capital Management LP bought a new position in CMS Energy Corporation during the first quarter valued at approximately $201,000. Finally, Trust Co. of Toledo NA OH bought a new position in CMS Energy Corporation during the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.
In other CMS Energy Corporation news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the completion of the sale, the insider now directly owns 64,307 shares in the company, valued at approximately $3,074,517.67. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,836 shares of company stock valued at $561,118. Company insiders own 0.65% of the company’s stock.
CMS Energy Corporation (NYSE:CMS) opened at 46.47 on Friday. The company has a market capitalization of $13.08 billion, a P/E ratio of 23.47 and a beta of 0.17. CMS Energy Corporation has a 52-week low of $38.78 and a 52-week high of $49.11. The firm has a 50-day moving average of $47.93 and a 200 day moving average of $46.41.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Equities analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were paid a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 2.86%. The ex-dividend date was Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is 66.83%.
A number of brokerages recently weighed in on CMS. Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy Corporation in a research report on Monday, September 11th. Morgan Stanley increased their price objective on shares of CMS Energy Corporation from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Guggenheim began coverage on shares of CMS Energy Corporation in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price objective on the stock. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy Corporation in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $48.20.
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CMS Energy Corporation 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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