Capital Research Global Investors Has $459,942,000 Holdings in CMS Energy Corporation (CMS)
Capital Research Global Investors continued to hold its position in CMS Energy Corporation (NYSE:CMS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,944,700 shares of the utilities provider’s stock at the close of the 2nd quarter. Capital Research Global Investors owned 3.53% of CMS Energy Corporation worth $459,942,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in shares of CMS Energy Corporation by 18.0% in the first quarter. Van ECK Associates Corp now owns 2,421 shares of the utilities provider’s stock valued at $108,000 after purchasing an additional 370 shares during the last quarter. Brookfield Asset Management Inc. purchased a new position in shares of CMS Energy Corporation during the 1st quarter worth approximately $159,000. Meeder Asset Management Inc. purchased a new position in shares of CMS Energy Corporation during the 2nd quarter worth approximately $185,000. Trust Co. of Toledo NA OH purchased a new position in shares of CMS Energy Corporation during the 2nd quarter worth approximately $205,000. Finally, Laurion Capital Management LP purchased a new position in shares of CMS Energy Corporation during the 1st quarter worth approximately $201,000. Institutional investors own 87.37% of the company’s stock.
Shares of CMS Energy Corporation (NYSE CMS) traded up 0.04% on Wednesday, hitting $45.99. The company’s stock had a trading volume of 345,589 shares. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 23.23 and a beta of 0.15. The stock’s 50 day moving average is $47.77 and its 200-day moving average is $46.58. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $49.11.
CMS Energy Corporation (NYSE:CMS) last announced its earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, equities research analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current year.
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A number of equities research analysts recently issued reports on CMS shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 target price on shares of CMS Energy Corporation in a research note on Monday, July 31st. BidaskClub raised CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Morgan Stanley set a $49.00 price target on CMS Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $46.00 price target on shares of CMS Energy Corporation in a report on Monday, September 11th. Finally, Guggenheim started coverage on CMS Energy Corporation in a report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.67.
In other CMS Energy Corporation news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the transaction, the insider now directly owns 64,307 shares in the company, valued at approximately $3,074,517.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jon E. Barfield sold 6,336 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total transaction of $296,588.16. The disclosure for this sale can be found here. Insiders have sold 11,836 shares of company stock worth $561,118 in the last 90 days. 0.65% of the stock is owned by company insiders.
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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