AMP Capital Investors Ltd Reduces Stake in CMS Energy Co. (CMS)
AMP Capital Investors Ltd decreased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,943 shares of the utilities provider’s stock after selling 38,644 shares during the quarter. AMP Capital Investors Ltd owned about 0.06% of CMS Energy worth $8,150,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Shell Asset Management Co. grew its holdings in shares of CMS Energy by 12.3% during the third quarter. Shell Asset Management Co. now owns 81,839 shares of the utilities provider’s stock worth $2,427,000 after buying an additional 8,976 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of CMS Energy by 18.4% during the 3rd quarter. Toronto Dominion Bank now owns 106,908 shares of the utilities provider’s stock valued at $4,951,000 after acquiring an additional 16,607 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of CMS Energy by 8.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 965,860 shares of the utilities provider’s stock valued at $44,739,000 after acquiring an additional 79,200 shares during the last quarter. Magellan Asset Management Ltd boosted its position in shares of CMS Energy by 8.0% during the 2nd quarter. Magellan Asset Management Ltd now owns 187,371 shares of the utilities provider’s stock valued at $8,666,000 after acquiring an additional 13,823 shares during the last quarter. Finally, Delta Lloyd Asset Management N.V. acquired a new position in shares of CMS Energy during the 2nd quarter valued at about $2,909,000. 87.42% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on CMS shares. Bank of America started coverage on shares of CMS Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $51.00 price target on shares of CMS Energy in a research report on Friday, October 20th. BidaskClub raised shares of CMS Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Morgan Stanley boosted their price target on shares of CMS Energy from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research raised shares of CMS Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.90.
In other CMS Energy news, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $49.48, for a total value of $123,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $48.02, for a total transaction of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares in the company, valued at approximately $1,353,011.52. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
CMS Energy Co. (NYSE:CMS) opened at $49.17 on Wednesday. CMS Energy Co. has a 1 year low of $40.39 and a 1 year high of $50.85. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. The company has a market cap of $14,126.02, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.57 and a beta of 0.19.
CMS Energy (NYSE:CMS) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. CMS Energy’s revenue for the quarter was down 3.8% compared to the same quarter last year. equities research analysts forecast that CMS Energy Co. will post 2.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd were given a $0.3325 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.33 dividend on an annualized basis and a yield of 2.70%. CMS Energy’s payout ratio is currently 68.91%.
CMS Energy Company 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.
Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.