Chartwell Investment Partners LLC Has $4.34 Million Position in CMS Energy Co. (CMS)
Chartwell Investment Partners LLC increased its stake in CMS Energy Co. (NYSE:CMS) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,601 shares of the utilities provider’s stock after purchasing an additional 3,036 shares during the quarter. Chartwell Investment Partners LLC’s holdings in CMS Energy were worth $4,341,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in CMS Energy by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 462,807 shares of the utilities provider’s stock worth $21,882,000 after buying an additional 11,215 shares during the period. Amalgamated Bank boosted its holdings in CMS Energy by 4.1% in the 2nd quarter. Amalgamated Bank now owns 36,235 shares of the utilities provider’s stock worth $1,713,000 after buying an additional 1,436 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in CMS Energy by 19.0% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 54,763 shares of the utilities provider’s stock worth $2,589,000 after buying an additional 8,757 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in CMS Energy by 54.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 361,442 shares of the utilities provider’s stock worth $17,089,000 after buying an additional 126,888 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in CMS Energy in the 2nd quarter worth $47,873,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.
CMS has been the subject of several recent analyst reports. Wolfe Research downgraded shares of CMS Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 26th. ValuEngine raised shares of CMS Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Barclays initiated coverage on shares of CMS Energy in a report on Wednesday, August 15th. They issued an “equal weight” rating and a $51.00 target price for the company. Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a report on Thursday, August 16th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.40.
Shares of CMS stock opened at $51.02 on Monday. The firm has a market capitalization of $14.46 billion and a price-to-earnings ratio of 20.91. CMS Energy Co. has a 52 week low of $40.48 and a 52 week high of $51.91. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.47 and a current ratio of 0.69.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 25th. The utilities provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same quarter in the previous year, the company earned $0.62 EPS. As a group, equities analysts expect that CMS Energy Co. will post 2.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be paid a $0.3575 dividend. This represents a $1.43 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, November 1st. CMS Energy’s payout ratio is currently 65.90%.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.
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