CMS Energy Co. (CMS) Holdings Decreased by TD Asset Management Inc.
TD Asset Management Inc. trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,489 shares of the utilities provider’s stock after selling 4,532 shares during the period. TD Asset Management Inc.’s holdings in CMS Energy were worth $6,368,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of CMS Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after buying an additional 764,989 shares during the last quarter. BlackRock Inc. increased its holdings in shares of CMS Energy by 11.6% during the 2nd quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after buying an additional 2,653,503 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CMS Energy by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after buying an additional 2,145,055 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CMS Energy by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock worth $649,344,000 after buying an additional 596,628 shares during the last quarter. Finally, Eaton Vance Management increased its holdings in shares of CMS Energy by 339.0% during the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after buying an additional 1,957,005 shares during the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
Shares of CMS Energy Co. (NYSE:CMS) opened at $49.76 on Tuesday. CMS Energy Co. has a twelve month low of $39.42 and a twelve month high of $50.85. The stock has a market capitalization of $14,027.31, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.54 and a beta of 0.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. equities analysts anticipate that CMS Energy Co. will post 2.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 3rd were issued a $0.3325 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.33 annualized dividend and a yield of 2.67%. CMS Energy’s dividend payout ratio is currently 68.91%.
A number of research firms have recently commented on CMS. Zacks Investment Research upgraded CMS Energy from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Bank of America began coverage on CMS Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price objective for the company. KeyCorp restated a “buy” rating and set a $51.00 price objective on shares of CMS Energy in a report on Friday, October 20th. SunTrust Banks restated a “hold” rating and set a $47.00 price objective on shares of CMS Energy in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $46.00 price objective on shares of CMS Energy in a report on Monday, September 11th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.90.
In other CMS Energy news, 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 value of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares of the company’s stock, valued at approximately $1,353,011.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $123,700.00. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.
About CMS Energy
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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