Putnam Investments LLC Has $16.43 Million Position in CMS Energy Co. (NYSE:CMS)

Putnam Investments LLC lowered its stake in shares of CMS Energy Co. (NYSE:CMS) by 22.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,717 shares of the utilities provider’s stock after selling 77,246 shares during the quarter. Putnam Investments LLC owned about 0.09% of CMS Energy worth $16,432,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Blair William & Co. IL boosted its stake in CMS Energy by 2.6% during the 1st quarter. Blair William & Co. IL now owns 6,561 shares of the utilities provider’s stock valued at $459,000 after purchasing an additional 168 shares during the last quarter. Kinneret Advisory LLC boosted its stake in shares of CMS Energy by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 7,756 shares of the utilities provider’s stock worth $542,000 after buying an additional 174 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of CMS Energy by 41.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 644 shares of the utilities provider’s stock worth $40,000 after buying an additional 189 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of CMS Energy by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 16,631 shares of the utilities provider’s stock worth $1,021,000 after buying an additional 191 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of CMS Energy by 1.7% in the 1st quarter. Prospera Financial Services Inc now owns 11,783 shares of the utilities provider’s stock worth $723,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Insider Transactions at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total value of $93,802.09. Following the transaction, the senior vice president now owns 61,765 shares of the company’s stock, valued at $3,475,516.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Brandon J. Hofmeister sold 1,667 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $56.27, for a total value of $93,802.09. Following the transaction, the senior vice president now owns 61,765 shares of the company’s stock, valued at $3,475,516.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jon E. Barfield sold 2,345 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.06, for a total transaction of $131,460.70. Following the completion of the transaction, the director now directly owns 13,982 shares in the company, valued at approximately $783,830.92. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CMS shares. BMO Capital Markets cut their target price on CMS Energy from $69.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. UBS Group upgraded CMS Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $68.00 in a research note on Tuesday, June 6th. Guggenheim cut their target price on CMS Energy from $65.00 to $61.00 in a research note on Friday, July 7th. StockNews.com began coverage on shares of CMS Energy in a report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Argus lowered their price target on shares of CMS Energy from $75.00 to $62.00 in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.73.

CMS Energy Trading Up 0.8 %

Shares of CMS stock opened at $57.25 on Friday. The company’s fifty day simple moving average is $58.29 and its two-hundred day simple moving average is $59.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.95 and a quick ratio of 0.63. CMS Energy Co. has a 1 year low of $52.41 and a 1 year high of $68.36. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 2.30 and a beta of 0.37.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. CMS Energy had a net margin of 9.07% and a return on equity of 10.38%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was down 19.0% compared to the same quarter last year. As a group, analysts anticipate that CMS Energy Co. will post 3.1 earnings per share for the current year.

CMS Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 4th were issued a dividend of $0.4875 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.95 dividend on an annualized basis and a yield of 3.41%. CMS Energy’s payout ratio is 78.00%.

About CMS Energy

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.