HPM Partners LLC Sells 3,163 Shares of CMS Energy Corporation (CMS)
HPM Partners LLC reduced its position in CMS Energy Corporation (NYSE:CMS) by 62.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,877 shares of the utilities provider’s stock after selling 3,163 shares during the period. HPM Partners LLC’s holdings in CMS Energy Corporation were worth $235,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of CMS Energy Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after purchasing an additional 1,065,859 shares in the last quarter. BlackRock Inc. increased its position in shares of CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock valued at $1,023,636,000 after purchasing an additional 21,830,781 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of CMS Energy Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock valued at $961,152,000 after purchasing an additional 2,145,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of CMS Energy Corporation by 1.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,588,141 shares of the utilities provider’s stock valued at $160,533,000 after purchasing an additional 63,872 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of CMS Energy Corporation by 10.3% during the 1st quarter. Geode Capital Management LLC now owns 2,749,657 shares of the utilities provider’s stock valued at $122,844,000 after purchasing an additional 257,136 shares during the last quarter. Institutional investors own 87.45% of the company’s stock.
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In other news, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total value of $168,910.00. Following the completion of the transaction, the senior vice president now owns 44,835 shares of the company’s stock, valued at $2,163,737.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,836 shares of company stock valued at $561,118. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Corporation (NYSE CMS) opened at 49.10 on Tuesday. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11. The firm has a 50-day moving average price of $47.66 and a 200 day moving average price of $46.24. The company has a market cap of $13.83 billion, a P/E ratio of 24.80 and a beta of 0.17.
CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings data 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 business had revenue of $1.45 billion during 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 business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. Analysts expect that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 4th were paid a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is 66.83%.
Several research firms have recently weighed in on CMS. Royal Bank Of Canada reiterated a “hold” rating and set a $46.00 price target on shares of CMS Energy Corporation in a research note on Monday. KeyCorp reiterated a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, September 1st. Morgan Stanley increased their price target on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday. Guggenheim began coverage on CMS Energy Corporation in a research note on Tuesday, September 5th. They set a “neutral” rating and a $48.00 price target for the company. Finally, BidaskClub upgraded CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CMS Energy Corporation currently has a consensus rating of “Buy” and an average target price of $48.20.
CMS Energy Corporation Profile
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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