International Assets Investment Management LLC Takes Position in CMS Energy Co. (NYSE:CMS)

International Assets Investment Management LLC acquired a new stake in CMS Energy Co. (NYSE:CMS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 75,607 shares of the utilities provider’s stock, valued at approximately $4,390,000.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in shares of CMS Energy by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 69,060 shares of the utilities provider’s stock valued at $3,668,000 after buying an additional 1,998 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in CMS Energy by 2.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,038 shares of the utilities provider’s stock worth $2,020,000 after acquiring an additional 1,028 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CMS Energy by 9.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,371 shares of the utilities provider’s stock valued at $3,153,000 after purchasing an additional 5,063 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of CMS Energy by 2.2% in the third quarter. Mackenzie Financial Corp now owns 25,967 shares of the utilities provider’s stock valued at $1,347,000 after purchasing an additional 548 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in shares of CMS Energy by 2.6% in the third quarter. IFM Investors Pty Ltd now owns 97,206 shares of the utilities provider’s stock worth $5,163,000 after purchasing an additional 2,453 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CMS. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Thursday, April 4th. Royal Bank of Canada reduced their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. upped their price target on shares of CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. KeyCorp lifted their price objective on CMS Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, BMO Capital Markets upped their target price on CMS Energy from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

CMS Energy Trading Up 0.8 %

Shares of NYSE:CMS opened at $62.74 on Thursday. The business’s 50 day moving average price is $59.31 and its 200-day moving average price is $57.84. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76. The firm has a market capitalization of $18.70 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm posted $0.70 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. CMS Energy’s payout ratio is currently 62.80%.

Insider Activity

In related news, SVP Brian F. Rich sold 2,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now directly owns 97,682 shares of the company’s stock, valued at approximately $5,968,370.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

CMS Energy Company Profile

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.