Principal Financial Group Inc. reduced its holdings in CMS Energy Co. (NYSE:CMS – Get Rating) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 466,198 shares of the utilities provider’s stock after selling 124,271 shares during the quarter. Principal Financial Group Inc.’s holdings in CMS Energy were worth $30,326,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in CMS. Marshall Wace LLP acquired a new position in CMS Energy in the first quarter valued at $137,000. Morgan Stanley increased its stake in CMS Energy by 278.0% in the second quarter. Morgan Stanley now owns 1,376,040 shares of the utilities provider’s stock valued at $81,296,000 after purchasing an additional 1,011,975 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in CMS Energy by 7.3% in the third quarter. Advisor Group Holdings Inc. now owns 39,378 shares of the utilities provider’s stock valued at $2,353,000 after purchasing an additional 2,680 shares during the last quarter. Mackenzie Financial Corp increased its stake in CMS Energy by 35.5% in the third quarter. Mackenzie Financial Corp now owns 20,069 shares of the utilities provider’s stock valued at $1,199,000 after purchasing an additional 5,253 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new stake in CMS Energy during the third quarter valued at about $53,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.
In other CMS Energy news, SVP Catherine A. Hendrian sold 6,521 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $66.09, for a total transaction of $430,972.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $69.20, for a total value of $69,200.00. Following the sale, the senior vice president now owns 35,241 shares in the company, valued at approximately $2,438,677.20. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
NYSE:CMS opened at $69.45 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.11 and a current ratio of 1.36. CMS Energy Co. has a one year low of $57.92 and a one year high of $73.76. The business’s 50-day simple moving average is $69.32 and its 200 day simple moving average is $65.05. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.26.
CMS Energy (NYSE:CMS – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. CMS Energy had a return on equity of 11.83% and a net margin of 17.65%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts predict that CMS Energy Co. will post 2.88 EPS for the current year.
The firm also recently declared 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. This represents a $1.84 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, May 5th. CMS Energy’s dividend payout ratio (DPR) is 39.48%.
About CMS Energy (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.
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