Panagora Asset Management Inc. Has $58.24 Million Position in CMS Energy Co. (NYSE:CMS)

Panagora Asset Management Inc. increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 3.3% during the 1st quarter, HoldingsChannel reports. The firm owned 951,324 shares of the utilities provider’s stock after purchasing an additional 30,391 shares during the period. Panagora Asset Management Inc.’s holdings in CMS Energy were worth $58,240,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CMS. Private Capital Group LLC lifted its holdings in shares of CMS Energy by 241.3% during the 1st quarter. Private Capital Group LLC now owns 430 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares in the last quarter. Reby Advisors LLC bought a new position in shares of CMS Energy during the 4th quarter valued at about $31,000. E Fund Management Co. Ltd. bought a new position in shares of CMS Energy during the 1st quarter valued at about $31,000. Regal Wealth Group Inc. bought a new position in shares of CMS Energy during the 1st quarter valued at about $35,000. Finally, Vantage Consulting Group Inc bought a new position in shares of CMS Energy during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Shares of CMS Energy stock traded up $0.05 on Friday, reaching $60.29. 7,364 shares of the company were exchanged, compared to its average volume of 2,121,291. CMS Energy Co. has a one year low of $53.19 and a one year high of $67.98. The firm has a market cap of $17.45 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 3.29 and a beta of 0.18. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average is $62.99.

CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, April 29th. The utilities provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.04. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.01 billion. CMS Energy had a return on equity of 14.74% and a net margin of 12.48%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. Analysts anticipate that CMS Energy Co. will post 2.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Friday, May 7th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, May 6th. CMS Energy’s dividend payout ratio is 65.17%.

Several equities research analysts have commented on the company. Barclays boosted their target price on CMS Energy from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, May 25th. Vertical Research cut CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Seaport Global Securities restated a “neutral” rating on shares of CMS Energy in a research note on Tuesday, April 13th. Morgan Stanley cut their target price on CMS Energy from $66.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on CMS Energy from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $67.00.

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

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