CMS Energy Corporation (CMS) Shares Bought by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC raised its position in shares of CMS Energy Corporation (NYSE:CMS) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,851 shares of the utilities provider’s stock after buying an additional 3,948 shares during the period. Janney Montgomery Scott LLC’s holdings in CMS Energy Corporation were worth $1,751,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CMS. Boston Advisors LLC raised its position in shares of CMS Energy Corporation by 1.3% in the first quarter. Boston Advisors LLC now owns 61,160 shares of the utilities provider’s stock worth $2,736,000 after buying an additional 782 shares during the period. DnB Asset Management AS raised its position in shares of CMS Energy Corporation by 14.2% in the first quarter. DnB Asset Management AS now owns 61,021 shares of the utilities provider’s stock worth $2,730,000 after buying an additional 7,600 shares during the period. Fox Run Management L.L.C. raised its position in shares of CMS Energy Corporation by 152.2% in the first quarter. Fox Run Management L.L.C. now owns 17,400 shares of the utilities provider’s stock worth $778,000 after buying an additional 10,500 shares during the period. BLB&B Advisors LLC raised its position in shares of CMS Energy Corporation by 1.1% in the first quarter. BLB&B Advisors LLC now owns 63,179 shares of the utilities provider’s stock worth $2,827,000 after buying an additional 697 shares during the period. Finally, Atria Investments LLC acquired a new position in shares of CMS Energy Corporation during the first quarter worth approximately $589,000. 86.49% of the stock is currently owned by institutional investors.
CMS Energy Corporation (NYSE CMS) opened at 47.42 on Wednesday. The company’s 50-day moving average price is $46.58 and its 200-day moving average price is $45.23. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 23.95 and a beta of 0.16.
CMS Energy Corporation (NYSE:CMS) last released its earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities analysts expect that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 4th will be given a dividend of $0.3325 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.80%. CMS Energy Corporation’s payout ratio is currently 66.83%.
A number of research analysts have recently commented on the company. BidaskClub raised CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Credit Suisse Group raised CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the company from $46.00 to $50.00 in a report on Monday, July 24th. Morgan Stanley assumed coverage on CMS Energy Corporation in a report on Monday, July 31st. They set an “equal weight” rating and a $47.00 price target on the stock. BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a report on Monday, July 31st. Finally, Deutsche Bank AG raised their price target on CMS Energy Corporation from $47.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. CMS Energy Corporation presently has a consensus rating of “Hold” and an average price target of $47.50.
In other news, Director Jon E. Barfield sold 6,336 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total value of $2,361,500.00. Following the sale, the insider now owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,336 shares of company stock valued at $3,223,288. 0.65% of the stock is currently owned by corporate insiders.
About CMS Energy Corporation
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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