CMS Energy Corporation (CMS) Position Boosted by Sentry Investments Corp.
Sentry Investments Corp. boosted its position in shares of CMS Energy Corporation (NYSE:CMS) by 52.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,000 shares of the utilities provider’s stock after buying an additional 79,900 shares during the period. Sentry Investments Corp. owned 0.08% of CMS Energy Corporation worth $10,776,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HPM Partners LLC purchased a new position in CMS Energy Corporation during the first quarter worth $225,000. Henderson Group PLC raised its position in CMS Energy Corporation by 2.2% in the first quarter. Henderson Group PLC now owns 41,194 shares of the utilities provider’s stock worth $1,843,000 after buying an additional 900 shares during the last quarter. Capital Fund Management S.A. purchased a new position in CMS Energy Corporation during the first quarter worth $881,000. Advisors Asset Management Inc. raised its position in CMS Energy Corporation by 2.6% in the first quarter. Advisors Asset Management Inc. now owns 114,169 shares of the utilities provider’s stock worth $5,108,000 after buying an additional 2,918 shares during the last quarter. Finally, First Trust Advisors LP raised its position in CMS Energy Corporation by 18.5% in the first quarter. First Trust Advisors LP now owns 758,263 shares of the utilities provider’s stock worth $33,925,000 after buying an additional 118,299 shares during the last quarter. 87.45% of the stock is currently owned by institutional investors.
Shares of CMS Energy Corporation (NYSE CMS) opened at 48.54 on Friday. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.75. The stock has a market cap of $13.67 billion, a P/E ratio of 24.52 and a beta of 0.16. The company’s 50-day moving average is $47.27 and its 200-day moving average is $46.00.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, equities research analysts anticipate that CMS Energy Corporation will post $2.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 4th were paid a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is 66.83%.
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A number of research firms recently weighed in on CMS. BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Morgan Stanley set a $49.00 price target on shares of CMS Energy Corporation and gave the company a “hold” rating in a research report on Thursday, August 10th. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the company from $46.00 to $50.00 in a research report on Monday, July 24th. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $47.75.
In other CMS Energy Corporation news, SVP Brian F. Rich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $48.26, for a total transaction of $168,910.00. Following the transaction, the senior vice president now owns 44,835 shares in the company, valued at approximately $2,163,737.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were 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. In the last quarter, insiders sold 11,836 shares of company stock worth $561,118. 0.65% of the stock is currently owned by company insiders.
CMS Energy Corporation 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.
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