CMS Energy Corporation (CMS) Shares Sold by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. lowered its position in CMS Energy Corporation (NYSE:CMS) by 35.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,256 shares of the utilities provider’s stock after selling 49,312 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in CMS Energy Corporation were worth $4,088,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CMS. Archford Capital Strategies LLC lifted its stake in CMS Energy Corporation by 62.0% in the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after buying an additional 438 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in shares of CMS Energy Corporation during the second quarter worth approximately $217,000. Colony Group LLC purchased a new stake in shares of CMS Energy Corporation during the second quarter worth approximately $217,000. Dana Investment Advisors Inc. raised its stake in shares of CMS Energy Corporation by 5.4% during the second quarter. Dana Investment Advisors Inc. now owns 4,849 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 249 shares during the last quarter. Finally, Evercore Wealth Management LLC raised its stake in shares of CMS Energy Corporation by 223.5% during the second quarter. Evercore Wealth Management LLC now owns 4,866 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 3,362 shares during the last quarter. Institutional investors own 87.57% of the company’s stock.
In other CMS Energy Corporation news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the sale, the insider now owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by corporate insiders.
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CMS has been the subject of several analyst reports. Bank of America Corporation initiated coverage on CMS Energy Corporation in a research note on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target for the company. KeyCorp restated a “buy” rating and set a $51.00 price target on shares of CMS Energy Corporation in a research note on Friday, October 20th. BidaskClub upgraded CMS Energy Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of CMS Energy Corporation in a research note on Monday, July 31st. Finally, Morgan Stanley upped their price target on CMS Energy Corporation from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CMS Energy Corporation currently has a consensus rating of “Buy” and an average price target of $48.90.
Shares of CMS Energy Corporation (CMS) opened at $49.48 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.59. The firm has a market capitalization of $13,934.25, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 3.52 and a beta of 0.18. CMS Energy Corporation has a twelve month low of $39.42 and a twelve month high of $50.85.
CMS Energy Corporation (NYSE:CMS) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.60 billion. CMS Energy Corporation had a return on equity of 12.30% and a net margin of 8.38%. CMS Energy Corporation’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. equities research analysts forecast that CMS Energy Corporation will post 2.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, November 2nd. CMS Energy Corporation’s dividend payout ratio (DPR) is 68.91%.
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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