Xact Kapitalforvaltning AB Lowers Position in CMS Energy Corporation (NYSE:CMS)
Xact Kapitalforvaltning AB cut its stake in shares of CMS Energy Corporation (NYSE:CMS) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,125 shares of the utilities provider’s stock after selling 2,485 shares during the period. Xact Kapitalforvaltning AB’s holdings in CMS Energy Corporation were worth $1,023,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Premier Fund Managers Ltd raised its stake in shares of CMS Energy Corporation by 14.1% in the first quarter. Premier Fund Managers Ltd now owns 36,500 shares of the utilities provider’s stock worth $1,631,000 after buying an additional 4,500 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of CMS Energy Corporation by 5.7% in the first quarter. Lazard Asset Management LLC now owns 366,493 shares of the utilities provider’s stock worth $16,396,000 after buying an additional 19,783 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of CMS Energy Corporation by 10.3% in the fourth quarter. Macquarie Group Ltd. now owns 102,600 shares of the utilities provider’s stock worth $4,271,000 after buying an additional 9,600 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of CMS Energy Corporation during the fourth quarter worth approximately $843,000. Finally, Symphony Asset Management LLC raised its stake in shares of CMS Energy Corporation by 3.6% in the first quarter. Symphony Asset Management LLC now owns 64,567 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 2,240 shares in the last quarter. Institutional investors own 86.98% of the company’s stock.
CMS Energy Corporation (NYSE CMS) opened at 46.10 on Wednesday. CMS Energy Corporation has a 12-month low of $38.78 and a 12-month high of $48.37. The stock’s 50 day moving average price is $46.89 and its 200-day moving average price is $44.87. The stock has a market capitalization of $12.91 billion, a PE ratio of 21.94 and a beta of 0.16.
CMS Energy Corporation (NYSE:CMS) last posted its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.06. CMS Energy Corporation had a return on equity of 13.94% and a net margin of 9.12%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current year.
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A number of equities research analysts recently commented on the company. BidaskClub lowered CMS Energy Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price target on shares of CMS Energy Corporation in a report on Tuesday, May 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $49.00 target price (up from $44.00) on shares of CMS Energy Corporation in a research note on Sunday, April 23rd. Finally, Deutsche Bank AG upped their target price on CMS Energy Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $46.50.
In other news, insider Daniel J. Malone sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $47.42, for a total value of $474,200.00. Following the completion of the sale, the insider now owns 148,622 shares of the company’s stock, valued at $7,047,655.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Thomas J. Webb sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $47.23, for a total value of $2,361,500.00. Following the completion of the sale, the insider now directly owns 187,773 shares of the company’s stock, valued at approximately $8,868,518.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,246 shares of company stock valued at $4,114,711. 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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