Chatham Capital Group Inc. Boosts Stock Position in CMS Energy Co. (NYSE:CMS)

Chatham Capital Group Inc. increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,682 shares of the utilities provider’s stock after buying an additional 2,347 shares during the period. Chatham Capital Group Inc.’s holdings in CMS Energy were worth $3,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of CMS Energy by 320.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after acquiring an additional 3,282,697 shares in the last quarter. Norges Bank acquired a new stake in CMS Energy during the 4th quarter worth $111,004,000. American Century Companies Inc. grew its holdings in shares of CMS Energy by 6,027.8% during the third quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock worth $92,453,000 after buying an additional 1,712,368 shares in the last quarter. Capital International Investors raised its position in shares of CMS Energy by 24.8% in the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock valued at $360,537,000 after buying an additional 1,234,791 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy by 34.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,456,713 shares of the utilities provider’s stock worth $200,731,000 after buying an additional 883,180 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

CMS Energy Trading Down 0.7 %

NYSE CMS traded down $0.43 on Friday, reaching $59.53. The stock had a trading volume of 3,123,929 shares, compared to its average volume of 2,392,761. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The stock has a fifty day moving average price of $61.07 and a two-hundred day moving average price of $59.12. CMS Energy Co. has a 12-month low of $49.87 and a 12-month high of $63.76. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 2.37 and a beta of 0.40.

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 return on equity of 12.83% and a net margin of 13.19%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a $0.515 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.46%. CMS Energy’s dividend payout ratio (DPR) is 62.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CMS shares. BMO Capital Markets upped their price target on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. KeyCorp lifted their price target on CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Royal Bank of Canada dropped their price objective 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. Scotiabank reduced their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $64.20.

Insider Transactions at CMS Energy

In related news, Director Jon E. Barfield sold 2,360 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the sale, the director now directly owns 14,556 shares in the company, valued at $884,859.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $60.79, for a total transaction of $143,464.40. Following the completion of the transaction, the director now owns 14,556 shares in the company, valued at $884,859.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Brian F. Rich sold 2,000 shares of the firm’s stock in a transaction 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 in the company, valued at $5,968,370.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,027 shares of company stock valued at $365,651. 0.40% of the stock is currently owned by company insiders.

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.