Chevy Chase Trust Holdings Inc. Has $9,867,000 Position in CMS Energy Corp. (CMS)
Chevy Chase Trust Holdings Inc. cut its stake in shares of CMS Energy Corp. (NYSE:CMS) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,885 shares of the company’s stock after selling 4,787 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of CMS Energy Corp. worth $9,867,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CMS. Exchange Capital Management Inc. purchased a new stake in shares of CMS Energy Corp. during the second quarter valued at approximately $109,000. Cable Hill Partners LLC increased its stake in shares of CMS Energy Corp. by 2,307.7% in the second quarter. Cable Hill Partners LLC now owns 3,130 shares of the company’s stock valued at $143,000 after buying an additional 3,000 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its stake in shares of CMS Energy Corp. by 540.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 3,200 shares of the company’s stock valued at $147,000 after buying an additional 2,700 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of CMS Energy Corp. by 150.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,877 shares of the company’s stock valued at $178,000 after buying an additional 2,331 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of CMS Energy Corp. by 78.5% in the second quarter. Global X Management Co. LLC now owns 4,497 shares of the company’s stock valued at $206,000 after buying an additional 1,978 shares during the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.
CMS Energy Corp. (NYSE:CMS) traded up 2.22% on Friday, reaching $40.60. 787,274 shares of the company were exchanged. The company’s 50-day moving average price is $40.75 and its 200-day moving average price is $42.59. The stock has a market capitalization of $11.33 billion, a P/E ratio of 19.51 and a beta of 0.08. CMS Energy Corp. has a 12-month low of $34.18 and a 12-month high of $46.25.
CMS Energy Corp. (NYSE:CMS) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.10. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.63 billion. CMS Energy Corp. had a net margin of 9.25% and a return on equity of 14.16%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. Equities research analysts anticipate that CMS Energy Corp. will post $2.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.05%. CMS Energy Corp.’s dividend payout ratio (DPR) is currently 59.33%.
CMS has been the subject of several recent analyst reports. SunTrust Banks Inc. upped their target price on shares of CMS Energy Corp. from $43.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, September 26th. Zacks Investment Research raised shares of CMS Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research note on Wednesday, October 19th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.75.
In other news, Director William D. Harvey purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $40.59 per share, for a total transaction of $121,770.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.93% of the stock is currently owned by insiders.
CMS Energy Corp. Company Profile
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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