CMS Energy Co. (CMS) Holdings Lessened by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund lessened its holdings in shares of CMS Energy Co. (NYSE:CMS) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,491 shares of the utilities provider’s stock after selling 381 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CMS Energy were worth $1,514,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Mackenzie Financial Corp boosted its holdings in shares of CMS Energy by 276.3% in the fourth quarter. Mackenzie Financial Corp now owns 110,134 shares of the utilities provider’s stock valued at $5,468,000 after purchasing an additional 80,866 shares during the period. Cognios Capital LLC boosted its holdings in shares of CMS Energy by 22.6% in the fourth quarter. Cognios Capital LLC now owns 44,835 shares of the utilities provider’s stock valued at $2,225,000 after purchasing an additional 8,259 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of CMS Energy by 18.7% in the fourth quarter. WINTON GROUP Ltd now owns 417,776 shares of the utilities provider’s stock valued at $20,743,000 after purchasing an additional 65,922 shares during the period. Virtus ETF Advisers LLC boosted its holdings in shares of CMS Energy by 1.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 13,021 shares of the utilities provider’s stock valued at $646,000 after purchasing an additional 214 shares during the period. Finally, Brasada Capital Management LP boosted its holdings in shares of CMS Energy by 47.2% in the fourth quarter. Brasada Capital Management LP now owns 52,915 shares of the utilities provider’s stock valued at $2,627,000 after purchasing an additional 16,976 shares during the period. Institutional investors and hedge funds own 93.32% of the company’s stock.
CMS has been the subject of a number of research reports. ValuEngine upgraded CMS Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Wolfe Research lowered CMS Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of CMS Energy in a report on Wednesday, November 7th. Barclays boosted their price objective on shares of CMS Energy from $51.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, November 19th. Finally, Zacks Investment Research downgraded shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. CMS Energy has a consensus rating of “Hold” and an average target price of $52.91.
CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, January 31st. The utilities provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.54 billion. CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. During the same period last year, the firm earned $0.51 EPS. On average, sell-side analysts expect that CMS Energy Co. will post 2.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 1st will be paid a $0.3825 dividend. This is an increase from CMS Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $1.53 dividend on an annualized basis and a yield of 2.89%. CMS Energy’s payout ratio is 65.67%.
In related news, insider Brandon J. Hofmeister sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $51.88, for a total value of $25,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.
CMS Energy 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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