GWM Advisors LLC Has $11.52 Million Stake in CMS Energy Co. (CMS)

GWM Advisors LLC grew its stake in CMS Energy Co. (NYSE:CMS) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,999 shares of the utilities provider’s stock after acquiring an additional 19,869 shares during the quarter. CMS Energy comprises about 0.9% of GWM Advisors LLC’s portfolio, making the stock its 24th biggest position. GWM Advisors LLC’s holdings in CMS Energy were worth $11,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of CMS Energy by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 709,247 shares of the utilities provider’s stock valued at $33,531,000 after acquiring an additional 9,437 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of CMS Energy by 17.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,361,360 shares of the utilities provider’s stock valued at $64,365,000 after acquiring an additional 200,900 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of CMS Energy in the 2nd quarter valued at $822,000. Personal Capital Advisors Corp increased its holdings in shares of CMS Energy by 1,361.0% in the 3rd quarter. Personal Capital Advisors Corp now owns 149,023 shares of the utilities provider’s stock valued at $7,302,000 after acquiring an additional 138,823 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of CMS Energy by 1.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,089,967 shares of the utilities provider’s stock valued at $51,534,000 after acquiring an additional 19,702 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

A number of analysts have recently weighed in on the company. KeyCorp raised their price objective on CMS Energy from $47.00 to $49.00 and gave the stock a “$47.86” rating in a research report on Thursday, July 19th. Argus raised CMS Energy from a “hold” rating to a “buy” rating in a research report on Monday, September 10th. Zacks Investment Research raised CMS Energy from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday, October 12th. ValuEngine raised CMS Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Barclays assumed coverage on CMS Energy in a research report on Wednesday, August 15th. They issued an “equal weight” rating and a $51.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.40.



CMS traded up $0.54 on Monday, reaching $49.79. 4,564,700 shares of the stock were exchanged, compared to its average volume of 2,675,188. CMS Energy Co. has a fifty-two week low of $40.48 and a fifty-two week high of $51.91. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.47 and a current ratio of 0.69. The stock has a market cap of $13.95 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.41 and a beta of 0.02.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. CMS Energy had a return on equity of 14.88% and a net margin of 8.00%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. Analysts predict that CMS Energy Co. will post 2.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.43 dividend on an annualized basis and a yield of 2.87%. CMS Energy’s dividend payout ratio is currently 65.90%.

In other CMS Energy news, Director Jon E. Barfield sold 2,861 shares of CMS Energy stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $48.45, for a total transaction of $138,615.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $48.77, for a total value of $48,770.00. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

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

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