Charles Schwab Investment Management Inc. Acquires 10,858 Shares of CMS Energy Co. (NYSE:CMS)

Charles Schwab Investment Management Inc. raised its holdings in CMS Energy Co. (NYSE:CMS) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,613,512 shares of the utilities provider’s stock after purchasing an additional 10,858 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.55% of CMS Energy worth $94,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of CMS Energy by 4.1% during the first quarter. JPMorgan Chase & Co. now owns 19,660,375 shares of the utilities provider’s stock worth $1,206,753,000 after acquiring an additional 774,927 shares during the last quarter. State Street Corp raised its position in shares of CMS Energy by 5.1% during the first quarter. State Street Corp now owns 17,323,536 shares of the utilities provider’s stock worth $1,063,319,000 after acquiring an additional 844,330 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of CMS Energy by 3.9% during the first quarter. Ameriprise Financial Inc. now owns 6,854,102 shares of the utilities provider’s stock worth $419,975,000 after acquiring an additional 257,872 shares during the last quarter. Geode Capital Management LLC raised its position in shares of CMS Energy by 2.0% during the first quarter. Geode Capital Management LLC now owns 6,285,926 shares of the utilities provider’s stock worth $384,994,000 after acquiring an additional 124,854 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of CMS Energy by 22.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,992,116 shares of the utilities provider’s stock worth $367,797,000 after acquiring an additional 1,095,342 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their target price on CMS Energy from $62.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Guggenheim dropped their price objective on CMS Energy from $61.00 to $54.00 in a report on Monday, October 9th. Barclays dropped their price objective on CMS Energy from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 24th. Royal Bank of Canada dropped their price objective on CMS Energy from $71.00 to $64.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. Finally, UBS Group dropped their price objective on CMS Energy from $66.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.73.

CMS Energy Price Performance

Shares of NYSE CMS opened at $57.14 on Tuesday. The company has a fifty day moving average price of $54.78 and a 200 day moving average price of $57.49. The firm has a market cap of $16.67 billion, a PE ratio of 22.50, a PEG ratio of 2.45 and a beta of 0.39. The company has a current ratio of 0.90, a quick ratio of 0.51 and a debt-to-equity ratio of 1.88. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $65.72.

CMS Energy (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). CMS Energy had a net margin of 9.61% and a return on equity of 10.49%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. Research analysts predict that CMS Energy Co. will post 3.1 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 3rd will be given a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy’s dividend payout ratio (DPR) is currently 76.77%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $56.27, for a total transaction of $93,802.09. Following the completion of the transaction, the senior vice president now directly owns 61,765 shares of the company’s stock, valued at $3,475,516.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John G. Russell sold 19,000 shares of CMS Energy stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $55.53, for a total value of $1,055,070.00. Following the completion of the transaction, the director now owns 169,899 shares of the company’s stock, valued at approximately $9,434,491.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total transaction of $93,802.09. Following the completion of the sale, the senior vice president now directly owns 61,765 shares in the company, valued at $3,475,516.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,667 shares of company stock worth $1,423,372. Insiders own 0.40% of the company’s stock.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. 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.