Van ECK Associates Corp Boosts Stock Holdings in CMS Energy Co. (NYSE:CMS)

Van ECK Associates Corp grew its position in shares of CMS Energy Co. (NYSE:CMSGet Rating) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,786 shares of the utilities provider’s stock after buying an additional 3,401 shares during the quarter. Van ECK Associates Corp’s holdings in CMS Energy were worth $3,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CMS. AMI Investment Management Inc. purchased a new stake in CMS Energy in the first quarter worth approximately $203,000. Cetera Advisor Networks LLC boosted its holdings in CMS Energy by 15.3% in the first quarter. Cetera Advisor Networks LLC now owns 4,179 shares of the utilities provider’s stock worth $292,000 after purchasing an additional 555 shares during the last quarter. Cibc World Market Inc. purchased a new stake in CMS Energy in the first quarter worth approximately $3,914,000. Dimensional Fund Advisors LP boosted its holdings in CMS Energy by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 982,606 shares of the utilities provider’s stock worth $68,724,000 after purchasing an additional 56,659 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in CMS Energy by 2.6% in the first quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 92.16% of the company’s stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 875 shares of CMS Energy stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.17, for a total value of $50,023.75. Following the sale, the chief accounting officer now directly owns 22,907 shares in the company, valued at approximately $1,309,593.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CMS Energy news, CAO Scott B. Mcintosh sold 875 shares of CMS Energy stock in a transaction on Monday, October 31st. The shares were sold at an average price of $57.17, for a total value of $50,023.75. Following the sale, the chief accounting officer now directly owns 22,907 shares in the company, valued at approximately $1,309,593.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Shaun M. Johnson sold 420 shares of CMS Energy stock in a transaction on Monday, November 28th. The shares were sold at an average price of $60.80, for a total transaction of $25,536.00. Following the completion of the sale, the senior vice president now owns 44,425 shares in the company, valued at $2,701,040. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Down 1.6 %

Shares of CMS stock opened at $64.34 on Friday. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.52 and a beta of 0.32. CMS Energy Co. has a one year low of $52.41 and a one year high of $73.76. The company’s fifty day moving average price is $61.59 and its 200-day moving average price is $63.44. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.22 and a quick ratio of 0.69.

CMS Energy (NYSE:CMSGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The utilities provider reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.76 billion. CMS Energy had a net margin of 15.63% and a return on equity of 11.22%. Sell-side analysts expect that CMS Energy Co. will post 2.89 EPS for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Friday, November 4th were issued a $0.46 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $1.84 dividend on an annualized basis and a yield of 2.86%. CMS Energy’s dividend payout ratio is currently 41.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Credit Suisse Group upgraded shares of CMS Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $61.00 to $64.00 in a report on Monday, November 21st. Morgan Stanley lifted their price target on shares of CMS Energy from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 15th. Mizuho dropped their price target on shares of CMS Energy from $73.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. Guggenheim dropped their price target on shares of CMS Energy from $70.00 to $57.00 in a research note on Monday, October 24th. Finally, Wells Fargo & Company lifted their price target on shares of CMS Energy from $68.00 to $74.00 in a research note on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.40.

CMS Energy Profile

(Get Rating)

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.

Featured Stories

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMSGet Rating).

Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.