CMS Energy Corporation (CMS) Shares Sold by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC reduced its position in CMS Energy Corporation (NYSE:CMS) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,987 shares of the utilities provider’s stock after selling 1,538 shares during the period. Virtu KCG Holdings LLC’s holdings in CMS Energy Corporation were worth $1,202,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CMS. Van ECK Associates Corp lifted 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 worth $108,000 after buying an additional 370 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of CMS Energy Corporation in the first quarter worth about $159,000. Meeder Asset Management Inc. purchased a new stake in shares of CMS Energy Corporation in the second quarter worth about $185,000. Laurion Capital Management LP purchased a new stake in shares of CMS Energy Corporation in the first quarter worth about $201,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of CMS Energy Corporation in the second quarter worth about $205,000. Institutional investors own 87.37% of the company’s stock.
In other CMS Energy Corporation news, Director Jon E. Barfield sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Garrick J. Rochow sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total value of $95,620.00. Following the completion of the sale, the insider now directly owns 64,307 shares in the company, valued at approximately $3,074,517.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,836 shares of company stock worth $561,118. Corporate insiders own 0.65% of the company’s stock.
A number of equities research analysts recently commented on CMS shares. KeyCorp reiterated a “buy” rating and issued a $51.00 target price on shares of CMS Energy Corporation in a research report on Friday, September 1st. Morgan Stanley boosted their target price on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. BidaskClub upgraded CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Credit Suisse Group upgraded CMS Energy Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $46.00 target price on shares of CMS Energy Corporation in a research report on Monday, September 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CMS Energy Corporation currently has an average rating of “Buy” and a consensus target price of $48.67.
Shares of CMS Energy Corporation (NYSE:CMS) opened at 46.32 on Friday. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $49.11. The firm’s 50-day moving average price is $47.93 and its 200-day moving average price is $46.41. The stock has a market capitalization of $13.04 billion, a P/E ratio of 23.39 and a beta of 0.17.
CMS Energy Corporation (NYSE:CMS) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts forecast that CMS Energy Corporation will post $2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 4th were given a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Wednesday, August 2nd. CMS Energy Corporation’s payout ratio is presently 66.83%.
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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