Janney Montgomery Scott LLC Raises Position in CMS Energy Co. (CMS)
Janney Montgomery Scott LLC increased its holdings in CMS Energy Co. (NYSE:CMS) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,061 shares of the utilities provider’s stock after acquiring an additional 1,210 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CMS Energy were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Cubist Systematic Strategies LLC increased its stake in shares of CMS Energy by 13.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,752 shares of the utilities provider’s stock worth $915,000 after acquiring an additional 2,352 shares in the last quarter. Zions Bancorporation increased its stake in shares of CMS Energy by 8,255.2% in the 3rd quarter. Zions Bancorporation now owns 2,423 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 2,394 shares in the last quarter. Capital International Investors increased its stake in shares of CMS Energy by 68.9% in the 3rd quarter. Capital International Investors now owns 9,853,468 shares of the utilities provider’s stock worth $456,413,000 after acquiring an additional 4,018,068 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of CMS Energy by 23.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,610,745 shares of the utilities provider’s stock worth $74,609,000 after acquiring an additional 307,776 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in CMS Energy during the 3rd quarter valued at about $644,000. Institutional investors own 87.15% of the company’s stock.
In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of CMS Energy stock in a transaction that occurred on 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 sale, the insider now directly owns 28,176 shares in the company, valued at $1,353,011.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of CMS Energy stock in a transaction that occurred on Monday, November 20th. The stock was 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. Insiders own 0.65% of the company’s stock.
Shares of CMS Energy Co. (NYSE:CMS) opened at $48.65 on Tuesday. CMS Energy Co. has a 12 month low of $41.12 and a 12 month high of $50.85. The firm has a market cap of $13,889.13, a PE ratio of 25.26, a price-to-earnings-growth ratio of 3.51 and a beta of 0.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94.
CMS Energy (NYSE:CMS) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. CMS Energy had a net margin of 8.38% and a return on equity of 12.30%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. equities research analysts predict 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. Stockholders of record on Friday, November 3rd were paid a $0.3325 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.73%. CMS Energy’s dividend payout ratio is presently 68.91%.
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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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