Swiss National Bank raised its holdings in CMS Energy Corporation (NYSE:CMS – Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 893,100 shares of the utilities provider’s stock after acquiring an additional 72,800 shares during the quarter. Swiss National Bank owned 0.29% of CMS Energy worth $69,287,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in CMS. Bison Wealth LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at about $312,000. Integrated Wealth Concepts LLC acquired a new position in CMS Energy during the first quarter worth about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CMS Energy by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,638 shares of the utilities provider’s stock valued at $2,602,000 after buying an additional 3,367 shares in the last quarter. Empowered Funds LLC lifted its position in shares of CMS Energy by 22.0% during the 1st quarter. Empowered Funds LLC now owns 6,788 shares of the utilities provider’s stock valued at $510,000 after acquiring an additional 1,226 shares during the period. Finally, Woodline Partners LP lifted its position in shares of CMS Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 25,243 shares of the utilities provider’s stock valued at $1,896,000 after acquiring an additional 7,300 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
CMS Energy Stock Performance
Shares of NYSE CMS opened at $72.47 on Wednesday. The company has a market cap of $22.39 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.64 and a beta of 0.35. CMS Energy Corporation has a 12 month low of $68.64 and a 12 month high of $80.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66. The company has a 50-day simple moving average of $74.11 and a 200-day simple moving average of $74.63.
CMS Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s dividend payout ratio is currently 62.98%.
Insider Buying and Selling at CMS Energy
In other news, SVP Brandon J. Hofmeister sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total transaction of $222,930.00. Following the sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on CMS. Barclays boosted their price target on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Jefferies Financial Group set a $78.00 price objective on CMS Energy in a report on Thursday, July 16th. Wells Fargo & Company set a $80.00 target price on CMS Energy in a research report on Tuesday, April 21st. Wall Street Zen raised CMS Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 5th. Finally, JPMorgan Chase & Co. raised their price target on CMS Energy from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, CMS Energy has an average rating of “Moderate Buy” and a consensus target price of $81.33.
View Our Latest Research Report on CMS
CMS Energy Profile
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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