CMS Energy Corp. (CMS) Shares Sold by LMR Partners LLP
LMR Partners LLP reduced its position in shares of CMS Energy Corp. (NYSE:CMS) by 47.3% during the second quarter, Holdings Channel reports. The firm owned 21,056 shares of the company’s stock after selling 18,923 shares during the period. LMR Partners LLP’s holdings in CMS Energy Corp. were worth $966,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. PGGM Investments boosted its position in CMS Energy Corp. by 298.8% in the second quarter. PGGM Investments now owns 941,700 shares of the company’s stock worth $43,186,000 after buying an additional 705,588 shares in the last quarter. Standard Life Investments LTD boosted its position in CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock worth $364,192,000 after buying an additional 1,449,503 shares in the last quarter. First Republic Investment Management Inc. boosted its position in 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 in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in CMS Energy Corp. during the first quarter worth approximately $3,727,000. Finally, Monarch Partners Asset Management LLC boosted its position in CMS Energy Corp. by 94.0% in the second quarter. Monarch Partners Asset Management LLC now owns 316,819 shares of the company’s stock worth $14,529,000 after buying an additional 153,510 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.
Shares of CMS Energy Corp. (NYSE:CMS) traded down 0.47% during mid-day trading on Friday, hitting $40.26. The stock had a trading volume of 1,747,166 shares. The company’s 50 day moving average price is $42.30 and its 200 day moving average price is $42.71. The stock has a market cap of $11.23 billion, a P/E 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 released its earnings results on Thursday, July 28th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.09. The firm earned $1.37 billion during 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%. CMS Energy Corp.’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Equities research analysts predict that CMS Energy Corp. will post $2.02 EPS for the current fiscal year.
CMS has been the topic of a number of research reports. SunTrust Banks Inc. upped their price target on CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, September 26th. BMO Capital Markets restated a “buy” rating on shares of CMS Energy Corp. in a research note on Friday, July 29th. KeyCorp restated an “outperform” rating and set a $47.00 price target (up from $45.00) on shares of CMS Energy Corp. in a research note on Saturday, July 2nd. Zacks Investment Research upgraded CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, July 14th. Finally, Scotiabank initiated coverage on CMS Energy Corp. in a research note on Friday, July 15th. They set a “sector perform” rating and a $46.00 price target 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. has an average rating of “Hold” and an average target price of $43.95.
In other CMS Energy Corp. news, SVP Brian F. Rich sold 2,135 shares of CMS Energy Corp. stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 49,330 shares of the company’s stock, valued at approximately $2,129,576.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon E. Barfield sold 9,568 shares of CMS Energy Corp. stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $42.97, for a total transaction of $411,136.96. Following the completion of the sale, the director now directly owns 23,256 shares of the company’s stock, valued at $999,310.32. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company 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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