CMS Energy Co. (NYSE:CMS) Shares Bought by Seeyond

Seeyond boosted its position in shares of CMS Energy Co. (NYSE:CMS) by 0.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 45,576 shares of the utilities provider’s stock after acquiring an additional 204 shares during the quarter. Seeyond’s holdings in CMS Energy were worth $2,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. San Francisco Sentry Investment Group CA lifted its position in CMS Energy by 722.2% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 444 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 390 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of CMS Energy by 35.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 702 shares of the utilities provider’s stock valued at $40,000 after buying an additional 184 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of CMS Energy by 342.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 743 shares of the utilities provider’s stock valued at $43,000 after buying an additional 575 shares during the period. Ameritas Investment Company LLC acquired a new position in shares of CMS Energy in the 1st quarter valued at about $45,000. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of CMS Energy by 47.9% in the 1st quarter. CSat Investment Advisory L.P. now owns 858 shares of the utilities provider’s stock valued at $53,000 after buying an additional 278 shares during the period. 90.59% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. Evercore ISI reissued a “hold” rating and issued a $62.00 price objective on shares of CMS Energy in a report on Friday, July 30th. Morgan Stanley reduced their price target on CMS Energy from $66.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, September 20th. Mizuho upped their price target on CMS Energy from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, September 16th. Finally, Zacks Investment Research cut CMS Energy from a “hold” rating to a “sell” rating and set a $64.00 price target for the company. in a report on Tuesday, July 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Hold” and a consensus price target of $67.00.

In related news, SVP Jean-Francois Brossoit sold 770 shares of the stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $64.82, for a total value of $49,911.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon E. Barfield sold 4,120 shares of the stock in a transaction that occurred on Monday, August 23rd. The stock was sold at an average price of $64.08, for a total value of $264,009.60. The disclosure for this sale can be found here. Insiders sold 29,181 shares of company stock valued at $1,844,426 over the last 90 days. Company insiders own 0.36% of the company’s stock.

NYSE:CMS traded up $0.37 during trading hours on Thursday, hitting $61.00. 2,864 shares of the stock were exchanged, compared to its average volume of 2,039,576. CMS Energy Co. has a 52-week low of $53.19 and a 52-week high of $67.98. The firm’s fifty day moving average price is $62.56 and its 200 day moving average price is $62.15. The company has a current ratio of 0.75, a quick ratio of 0.57 and a debt-to-equity ratio of 1.85. The company has a market cap of $17.67 billion, a P/E ratio of 19.37, a P/E/G ratio of 3.41 and a beta of 0.19.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Wednesday, July 28th. The utilities provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.16. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.51 billion. CMS Energy had a return on equity of 14.38% and a net margin of 12.85%. Equities analysts expect that CMS Energy Co. will post 2.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Stockholders of record on Friday, August 6th were given a $0.435 dividend. The ex-dividend date was Thursday, August 5th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.85%. CMS Energy’s dividend payout ratio (DPR) is presently 65.17%.

CMS Energy Profile

CMS Energy Corp. is a holding company, which engages in business through its subsidiaries. It operates through the following business segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution and sale of electricity.

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

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