APG Asset Management N.V. reduced its stake in CMS Energy Co. (NYSE:CMS) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,506,602 shares of the utilities provider’s stock after selling 2,514 shares during the period. APG Asset Management N.V.’s holdings in CMS Energy were worth $75,057,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of CMS. Millennium Management LLC lifted its stake in shares of CMS Energy by 1,240.7% in the 1st quarter. Millennium Management LLC now owns 2,645,095 shares of the utilities provider’s stock worth $161,933,000 after acquiring an additional 2,447,810 shares during the period. Franklin Resources Inc. lifted its stake in shares of CMS Energy by 39.2% in the 1st quarter. Franklin Resources Inc. now owns 7,096,812 shares of the utilities provider’s stock worth $434,467,000 after acquiring an additional 1,999,553 shares during the period. FIL Ltd lifted its stake in shares of CMS Energy by 51.7% in the 1st quarter. FIL Ltd now owns 2,795,570 shares of the utilities provider’s stock worth $171,145,000 after acquiring an additional 952,241 shares during the period. Vanguard Group Inc. lifted its stake in shares of CMS Energy by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 35,849,652 shares of the utilities provider’s stock worth $2,117,997,000 after acquiring an additional 772,973 shares during the period. Finally, OLD Republic International Corp bought a new stake in shares of CMS Energy in the 2nd quarter worth approximately $39,879,000. 90.59% of the stock is owned by institutional investors.
CMS stock opened at $60.63 on Thursday. CMS Energy Co. has a 52-week low of $53.19 and a 52-week high of $67.98. The company’s 50 day simple moving average is $62.56 and its 200-day simple moving average is $62.15. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.75 and a quick ratio of 0.57. The firm has a market capitalization of $17.56 billion, a P/E ratio of 19.37, a P/E/G ratio of 3.41 and a beta of 0.19.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Friday, August 6th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, August 5th. CMS Energy’s payout ratio is presently 65.17%.
A number of analysts recently commented on CMS shares. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating and set a $64.00 target price on the stock. in a report on Tuesday, July 13th. Evercore ISI reiterated a “hold” rating and issued a $62.00 target price on shares of CMS Energy in a report on Friday, July 30th. Mizuho boosted their target price on shares of CMS Energy from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, September 16th. Finally, Morgan Stanley dropped their target price on shares of CMS Energy from $66.00 to $62.00 and set an “equal weight” rating on the stock in a report on Monday, September 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, CMS Energy has a consensus rating of “Hold” and an average target price of $67.00.
In related news, CAO Glenn P. Barba sold 12,800 shares of the business’s stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $63.10, for a total transaction of $807,680.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jean-Francois Brossoit sold 770 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $64.82, for a total transaction of $49,911.40. The disclosure for this sale can be found here. Insiders have sold 29,181 shares of company stock worth $1,844,426 over the last ninety days. 0.36% of the stock is currently owned by insiders.
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.
Further Reading: Earnings Reports
Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.