US Bancorp DE Has $14,625,000 Stake in CMS Energy Corp. (CMS)
US Bancorp DE lowered its stake in CMS Energy Corp. (NYSE:CMS) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 348,131 shares of the company’s stock after selling 33,528 shares during the period. US Bancorp DE owned approximately 0.12% of CMS Energy Corp. worth $14,625,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. PGGM Investments boosted 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 valued at $43,186,000 after buying an additional 705,588 shares during the last quarter. Standard Life Investments LTD boosted its position in CMS Energy Corp. by 22.3% in the second quarter. Standard Life Investments LTD now owns 7,943,113 shares of the company’s stock valued at $364,192,000 after buying an additional 1,449,503 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in CMS Energy Corp. by 2.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 860,070 shares of the company’s stock valued at $39,443,000 after buying an additional 23,220 shares during the last quarter. First Republic Investment Management Inc. boosted its position in CMS Energy Corp. by 72.4% in the first quarter. First Republic Investment Management Inc. now owns 17,423 shares of the company’s stock valued at $739,000 after buying an additional 7,315 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its position in CMS Energy Corp. by 94.0% in the second quarter. Monarch Partners Asset Management LLC now owns 316,819 shares of the company’s stock valued at $14,529,000 after buying an additional 153,510 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.
CMS Energy Corp. (NYSE:CMS) traded up 1.90% during mid-day trading on Monday, hitting $41.37. The company had a trading volume of 712,524 shares. The company has a market cap of $11.55 billion, a PE ratio of 19.88 and a beta of 0.08. The company’s 50 day moving average price is $40.75 and its 200-day moving average price is $42.59. CMS Energy Corp. has a one year low of $34.18 and a one year high of $46.25.
CMS Energy Corp. (NYSE:CMS) last announced 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. CMS Energy Corp. had a return on equity of 14.16% and a net margin of 9.25%. The company earned $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that CMS Energy Corp. will post $2.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Friday, November 4th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.05%. CMS Energy Corp.’s dividend payout ratio (DPR) is presently 59.33%.
Several research analysts have issued reports on CMS shares. Zacks Investment Research cut CMS Energy Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. SunTrust Banks Inc. cut their price objective on CMS Energy Corp. from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.75.
In other CMS Energy Corp. news, Director William D. Harvey purchased 3,000 shares of CMS Energy Corp. stock in a transaction on Wednesday, November 9th. The stock was bought 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. Company insiders own 0.93% of the company’s stock.
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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