MQS Management LLC Invests $224,000 in CMS Energy Co. (NYSE:CMS)

MQS Management LLC bought a new position in CMS Energy Co. (NYSE:CMSGet Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,438 shares of the utilities provider’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of CMS Energy by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 15,976,622 shares of the utilities provider’s stock valued at $1,039,277,000 after acquiring an additional 189,292 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CMS Energy by 7.2% in the third quarter. Bank of New York Mellon Corp now owns 5,505,480 shares of the utilities provider’s stock valued at $328,841,000 after acquiring an additional 370,081 shares during the period. Geode Capital Management LLC boosted its position in shares of CMS Energy by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,465,158 shares of the utilities provider’s stock valued at $354,614,000 after acquiring an additional 119,992 shares during the period. Invesco Ltd. lifted its position in CMS Energy by 2.5% during the third quarter. Invesco Ltd. now owns 3,864,968 shares of the utilities provider’s stock valued at $230,855,000 after purchasing an additional 93,099 shares during the last quarter. Finally, Brookfield Asset Management Inc. lifted its position in CMS Energy by 2.0% during the third quarter. Brookfield Asset Management Inc. now owns 2,021,307 shares of the utilities provider’s stock valued at $120,733,000 after purchasing an additional 39,035 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Shares of NYSE CMS traded down $0.38 during trading hours on Friday, hitting $68.83. The company’s stock had a trading volume of 2,142,005 shares, compared to its average volume of 1,924,241. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.11 and a current ratio of 1.36. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 2.86 and a beta of 0.26. CMS Energy Co. has a 12 month low of $57.92 and a 12 month high of $73.76. The business has a 50-day simple moving average of $69.64 and a 200-day simple moving average of $65.35.

CMS Energy (NYSE:CMSGet Rating) last posted its earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.08 billion. CMS Energy had a return on equity of 11.83% and a net margin of 17.65%. CMS Energy’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. On average, equities research analysts forecast that CMS Energy Co. will post 2.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 6th will be paid a $0.46 dividend. The ex-dividend date is Thursday, May 5th. This represents a $1.84 annualized dividend and a dividend yield of 2.67%. CMS Energy’s payout ratio is presently 39.48%.

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of CMS Energy in a research report on Thursday, March 31st. They set a “hold” rating for the company. Mizuho lifted their target price on shares of CMS Energy from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Morgan Stanley boosted their price objective on shares of CMS Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 20th. BMO Capital Markets boosted their price objective on shares of CMS Energy from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, March 8th. Finally, Evercore ISI restated a “hold” rating and issued a $67.00 price objective on shares of CMS Energy in a report on Friday, February 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $71.33.

In other CMS Energy news, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $69.20, for a total transaction of $69,200.00. Following the sale, the senior vice president now directly owns 35,241 shares of the company’s stock, valued at approximately $2,438,677.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Catherine A. Hendrian sold 6,521 shares of CMS Energy stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $66.09, for a total value of $430,972.89. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Profile (Get Rating)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

Further Reading

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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