LS Investment Advisors LLC Has $1,939,000 Position in CMS Energy Corp. (CMS)
LS Investment Advisors LLC boosted its position in CMS Energy Corp. (NYSE:CMS) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,290 shares of the company’s stock after buying an additional 3,512 shares during the period. LS Investment Advisors LLC’s holdings in CMS Energy Corp. were worth $1,939,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. First Republic Investment Management Inc. increased its stake in shares of CMS Energy Corp. by 72.4% in the first quarter. First Republic Investment Management Inc. now owns 17,423 shares of the company’s stock worth $739,000 after buying an additional 7,315 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of CMS Energy Corp. during the first quarter worth about $3,727,000. Loomis Sayles & Co. L P increased its stake in shares of CMS Energy Corp. by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 371,576 shares of the company’s stock worth $15,770,000 after buying an additional 1,735 shares during the period. Capstone Asset Management Co. increased its stake in shares of CMS Energy Corp. by 1.3% in the second quarter. Capstone Asset Management Co. now owns 30,176 shares of the company’s stock worth $1,384,000 after buying an additional 390 shares during the period. Finally, AXA increased its stake in shares of CMS Energy Corp. by 8.6% in the first quarter. AXA now owns 224,500 shares of the company’s stock worth $9,528,000 after buying an additional 17,800 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CMS Energy Corp. (NYSE:CMS) traded down 0.47% during midday trading on Friday, hitting $40.26. 1,747,166 shares of the stock were exchanged. The firm has a 50-day moving average price of $42.30 and a 200 day moving average price of $42.71. The firm has a market cap of $11.23 billion, a PE ratio of 20.64 and a beta of 0.12. CMS Energy Corp. has a 12-month low of $33.84 and a 12-month high of $46.25.
CMS Energy Corp. (NYSE:CMS) last announced its earnings results on Thursday, July 28th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.49 billion. CMS Energy Corp. had a net margin of 8.79% and a return on equity of 13.34%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. Analysts predict that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.
A number of analysts recently issued reports on CMS shares. SunTrust Banks Inc. increased their price target on shares of CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. BMO Capital Markets reissued a “buy” rating on shares of CMS Energy Corp. in a report on Friday, July 29th. KeyCorp reaffirmed an “outperform” rating and set a $47.00 price objective (up from $45.00) on shares of CMS Energy Corp. in a report on Saturday, July 2nd. Zacks Investment Research raised shares of CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, July 14th. Finally, Scotiabank began coverage on shares of CMS Energy Corp. in a report on Friday, July 15th. They set a “sector perform” rating and a $46.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CMS Energy Corp. presently has a consensus rating of “Hold” and a consensus price target of $43.95.
In other CMS Energy Corp. news, SVP Brian F. Rich sold 2,135 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $43.17, for a total value of $92,167.95. Following the transaction, the senior vice president now directly owns 49,330 shares of the company’s stock, valued at approximately $2,129,576.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jon E. Barfield sold 9,568 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $42.97, for a total transaction of $411,136.96. Following the completion of the transaction, the director now directly owns 23,256 shares in the company, valued at $999,310.32. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.
CMS Energy Corp. Company Profile
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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