CMS Energy Corporation (CMS) Position Cut by GSA Capital Partners LLP
GSA Capital Partners LLP trimmed its holdings in CMS Energy Corporation (NYSE:CMS) by 25.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,361 shares of the utilities provider’s stock after selling 6,304 shares during the quarter. GSA Capital Partners LLP’s holdings in CMS Energy Corporation were worth $849,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its stake in CMS Energy Corporation by 2,081.4% during the 1st quarter. BlackRock Inc. now owns 22,879,645 shares of the utilities provider’s stock valued at $1,023,636,000 after buying an additional 21,830,781 shares during the period. JPMorgan Chase & Co. raised its position in shares of CMS Energy Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after buying an additional 2,145,055 shares in the last quarter. Eaton Vance Management lifted its stake in shares of CMS Energy Corporation by 339.0% in the 2nd quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after acquiring an additional 1,957,005 shares during the period. Vanguard Group Inc. lifted its stake in shares of CMS Energy Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 28,512,655 shares of the utilities provider’s stock worth $1,275,656,000 after acquiring an additional 1,065,859 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of CMS Energy Corporation by 1,171.6% in the 1st quarter. Renaissance Technologies LLC now owns 878,700 shares of the utilities provider’s stock worth $39,313,000 after acquiring an additional 809,600 shares during the period. Hedge funds and other institutional investors own 87.37% of the company’s stock.
Shares of CMS Energy Corporation (CMS) opened at 45.97 on Wednesday. The company’s 50-day moving average is $47.77 and its 200 day moving average is $46.58. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 23.22 and a beta of 0.15. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $49.11.
CMS Energy Corporation (NYSE:CMS) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.08). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. CMS Energy Corporation had a return on equity of 12.98% and a net margin of 8.52%. CMS Energy Corporation’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts expect that CMS Energy Corporation will post $2.17 EPS for the current fiscal year.
Several research analysts have recently issued reports on CMS shares. BMO Capital Markets reiterated a “buy” rating and issued a $48.00 price objective on shares of CMS Energy Corporation in a report on Monday, July 31st. BidaskClub upgraded shares of CMS Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Morgan Stanley set a $49.00 target price on CMS Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “hold” rating and set a $46.00 target price on shares of CMS Energy Corporation in a report on Monday, September 11th. Finally, Guggenheim assumed coverage on CMS Energy Corporation in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $48.00 target price for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $48.67.
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In other news, insider Garrick J. Rochow sold 2,000 shares of CMS Energy Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.81, for a total transaction of $95,620.00. Following the completion of the sale, the insider now owns 64,307 shares in the company, valued at approximately $3,074,517.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brian F. Rich sold 3,500 shares of CMS Energy Corporation stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $48.26, for a total transaction of $168,910.00. Following the sale, the senior vice president now owns 44,835 shares of the company’s stock, valued at approximately $2,163,737.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,836 shares of company stock worth $561,118. Corporate insiders own 0.65% of the company’s stock.
About CMS Energy Corporation
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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