CMS Energy Corp. (CMS) Position Boosted by Standard Life Investments LTD
Standard Life Investments LTD boosted its position in shares of CMS Energy Corp. (NYSE:CMS) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,943,113 shares of the company’s stock after buying an additional 1,449,503 shares during the period. CMS Energy Corp. accounts for about 1.6% of Standard Life Investments LTD’s portfolio, making the stock its 16th largest position. Standard Life Investments LTD owned 2.85% of CMS Energy Corp. worth $364,192,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in CMS Energy Corp. by 13.6% in the first quarter. JPMorgan Chase & Co. now owns 20,807,161 shares of the company’s stock worth $883,058,000 after buying an additional 2,490,046 shares during the last quarter. State Street Corp raised its position in CMS Energy Corp. by 9.0% in the first quarter. State Street Corp now owns 14,310,368 shares of the company’s stock worth $607,321,000 after buying an additional 1,180,500 shares during the last quarter. PGGM Investments raised its position in CMS Energy Corp. by 298.8% in the second quarter. PGGM Investments now owns 941,700 shares of the company’s stock worth $43,186,000 after buying an additional 705,588 shares during the last quarter. Bank of Montreal Can purchased a new position in CMS Energy Corp. during the second quarter worth $22,042,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in CMS Energy Corp. by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,356,132 shares of the company’s stock worth $354,634,000 after buying an additional 410,067 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.
Shares of CMS Energy Corp. (NYSE:CMS) traded down 1.45% during trading on Monday, reaching $41.40. 1,307,344 shares of the company traded hands. The company has a market capitalization of $11.55 billion, a P/E ratio of 21.22 and a beta of 0.12. The company’s 50-day moving average price is $42.66 and its 200-day moving average price is $42.73. CMS Energy Corp. has a 52 week low of $33.84 and a 52 week high of $46.25.
CMS Energy Corp. (NYSE:CMS) last posted its earnings results on Thursday, July 28th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.09. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.49 billion. CMS Energy Corp. had a net margin of 8.79% and a return on equity of 13.34%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Equities research analysts forecast that CMS Energy Corp. will post $2.02 EPS for the current fiscal year.
Several brokerages have commented on CMS. Howard Weil began coverage on shares of CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price objective on the stock. SunTrust Banks Inc. lifted their price objective on shares of CMS Energy Corp. from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. BMO Capital Markets reaffirmed a “buy” rating on shares of CMS Energy Corp. in a research report on Friday, July 29th. Zacks Investment Research raised shares of CMS Energy Corp. from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, July 14th. Finally, Scotiabank began coverage on shares of CMS Energy Corp. in a research report on Friday, July 15th. They issued a “sector perform” rating and a $46.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CMS Energy Corp. currently has a consensus rating of “Hold” and a consensus price target of $43.95.
In other CMS Energy Corp. news, SVP Brian F. Rich sold 2,135 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $43.17, for a total transaction of $92,167.95. Following the transaction, the senior vice president now owns 49,330 shares in the company, valued at approximately $2,129,576.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Catherine M. Reynolds sold 11,032 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $43.59, for a total transaction of $480,884.88. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
About CMS Energy Corp.
CMS Energy Corporation (CMS Energy) is an energy company operating primarily in Michigan. The Company operates in three segments, which include Consumers Electric Utility, Consumers Gas Utility and Enterprises (non-utility operations and investments). CMS Energy, through its subsidiaries and equity investments, is engaged primarily in independent power production and owns power generation facilities fueled by natural gas and biomass.
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