CMS Energy Corporation (CMS) Shares Bought by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. increased its stake in CMS Energy Corporation (NYSE:CMS) by 1,789.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 529,487 shares of the company’s stock after buying an additional 501,458 shares during the period. Asset Management One Co. Ltd. owned 0.19% of CMS Energy Corporation worth $22,043,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in CMS. NEXT Financial Group Inc increased its stake in shares of CMS Energy Corporation by 218.7% in the third quarter. NEXT Financial Group Inc now owns 3,592 shares of the company’s stock valued at $151,000 after buying an additional 2,465 shares during the last quarter. BKS Advisors LLC bought a new stake in shares of CMS Energy Corporation during the third quarter valued at about $158,000. Quantbot Technologies LP bought a new stake in shares of CMS Energy Corporation during the third quarter valued at about $167,000. Bessemer Group Inc. increased its stake in shares of CMS Energy Corporation by 3,803.6% in the fourth quarter. Bessemer Group Inc. now owns 4,372 shares of the company’s stock valued at $182,000 after buying an additional 4,260 shares during the last quarter. Finally, Wetherby Asset Management Inc. bought a new stake in shares of CMS Energy Corporation during the fourth quarter valued at about $215,000. Institutional investors and hedge funds own 88.34% of the company’s stock.
CMS Energy Corporation (NYSE:CMS) traded down 0.28% during midday trading on Friday, reaching $42.97. 610,666 shares of the company’s stock were exchanged. The company has a market cap of $12.01 billion, a P/E ratio of 21.70 and a beta of 0.08. The company has a 50 day moving average price of $42.23 and a 200 day moving average price of $41.86. CMS Energy Corporation has a 12 month low of $38.32 and a 12 month high of $46.25.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. CMS Energy Corporation had a return on equity of 13.31% and a net margin of 8.61%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that CMS Energy Corporation will post $2.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Friday, February 3rd will be paid a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, February 1st. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from CMS Energy Corporation’s previous quarterly dividend of $0.31. CMS Energy Corporation’s dividend payout ratio is currently 66.83%.
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A number of equities research analysts have weighed in on CMS shares. RBC Capital Markets reiterated a “hold” rating and set a $46.00 price target on shares of CMS Energy Corporation in a research note on Wednesday, January 4th. Credit Suisse Group started coverage on shares of CMS Energy Corporation in a research note on Wednesday, January 25th. They set a “neutral” rating and a $44.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of CMS Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.90.
CMS Energy Corporation 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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