Robeco Institutional Asset Management B.V. Has $14.08 Million Position in CMS Energy Corporation (CMS)
Robeco Institutional Asset Management B.V. boosted its position in shares of CMS Energy Corporation (NYSE:CMS) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 304,420 shares of the utilities provider’s stock after buying an additional 8,635 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.11% of CMS Energy Corporation worth $14,083,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of CMS. Van ECK Associates Corp raised 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 valued at $108,000 after buying an additional 370 shares during the period. Brookfield Asset Management Inc. bought a new position in shares of CMS Energy Corporation during the first quarter valued at approximately $159,000. Meeder Asset Management Inc. bought a new position in shares of CMS Energy Corporation during the second quarter valued at approximately $185,000. Trust Co. of Toledo NA OH bought a new position in shares of CMS Energy Corporation during the second quarter valued at approximately $205,000. Finally, Laurion Capital Management LP bought a new position in shares of CMS Energy Corporation during the first quarter valued at approximately $201,000. 87.45% of the stock is owned by institutional investors and hedge funds.
CMS Energy Corporation (NYSE CMS) opened at 48.74 on Wednesday. The stock has a 50 day moving average of $46.95 and a 200 day moving average of $45.83. The stock has a market capitalization of $13.72 billion, a P/E ratio of 24.62 and a beta of 0.16. CMS Energy Corporation has a 52 week low of $38.78 and a 52 week high of $48.91.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.08. CMS Energy Corporation had a net margin of 8.52% and a return on equity of 12.98%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that CMS Energy Corporation will post $2.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 4th will be paid a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, August 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is presently 66.83%.
Several equities analysts recently commented on the stock. BidaskClub raised shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research report on Monday, July 31st. Morgan Stanley set a $49.00 price target on shares of CMS Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Credit Suisse Group raised shares of CMS Energy Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $50.00 in a research report on Monday, July 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.75.
In other CMS Energy Corporation news, SVP Brian F. Rich sold 3,500 shares of the stock in a transaction on Tuesday, August 22nd. The stock was 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 can be accessed through this link. Also, Director Jon E. Barfield sold 6,336 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.81, for a total value of $296,588.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,836 shares of company stock worth $561,118. 0.65% of the stock is 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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