Keybank National Association OH Has $32.48 Million Stake in CMS Energy Corporation (CMS)
Keybank National Association OH boosted its stake in CMS Energy Corporation (NYSE:CMS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,182 shares of the utilities provider’s stock after buying an additional 9,768 shares during the period. Keybank National Association OH owned about 0.25% of CMS Energy Corporation worth $32,476,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its position in CMS Energy Corporation by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,416 shares of the utilities provider’s stock valued at $310,000 after buying an additional 240 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in CMS Energy Corporation by 12.1% in the first quarter. Glen Harbor Capital Management LLC now owns 18,370 shares of the utilities provider’s stock valued at $822,000 after buying an additional 1,980 shares in the last quarter. Strs Ohio raised its position in CMS Energy Corporation by 14.1% in the first quarter. Strs Ohio now owns 59,535 shares of the utilities provider’s stock valued at $2,663,000 after buying an additional 7,370 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in CMS Energy Corporation by 16.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 24,064 shares of the utilities provider’s stock valued at $1,076,000 after buying an additional 3,430 shares in the last quarter. Finally, Oxbow Advisors LLC purchased a new position in CMS Energy Corporation during the first quarter valued at about $210,000. 87.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of CMS Energy Corporation (NYSE:CMS) traded up 0.39% during midday trading on Tuesday, hitting $48.82. 162,828 shares of the stock were exchanged. The stock has a 50 day moving average price of $46.95 and a 200-day moving average price of $45.83. CMS Energy Corporation has a 12 month low of $38.78 and a 12 month high of $48.91. The company has a market cap of $13.75 billion, a PE ratio of 24.66 and a beta of 0.16.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.08. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. On average, analysts predict that CMS Energy Corporation will post $2.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be issued a $0.3325 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.33 annualized dividend and a yield of 2.73%. CMS Energy Corporation’s dividend payout ratio is presently 66.83%.
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CMS has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. BidaskClub raised shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $50.00 in a report on Monday, July 24th. Finally, Morgan Stanley initiated coverage on shares of CMS Energy Corporation in a report on Monday, July 31st. They issued an “equal weight” rating and a $47.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.75.
In related news, Director Jon E. Barfield sold 6,336 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $46.81, for a total value of $296,588.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Garrick J. Rochow sold 2,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the completion of the sale, the insider now directly owns 64,307 shares in the company, valued at $3,074,517.67. The disclosure for this sale can be found here. Insiders sold 11,836 shares of company stock worth $561,118 over the last ninety days. 0.65% of the stock is currently owned by corporate insiders.
About CMS Energy Corporation
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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