CMS Energy Co. (NYSE:CMS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in CMS Energy Co. (NYSE:CMSFree Report) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,640,072 shares of the utilities provider’s stock after purchasing an additional 26,560 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.56% of CMS Energy worth $87,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Covington Capital Management purchased a new stake in shares of CMS Energy in the 3rd quarter valued at approximately $27,000. Clear Street Markets LLC lifted its holdings in CMS Energy by 94.9% in the first quarter. Clear Street Markets LLC now owns 573 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 279 shares during the last quarter. American National Bank grew its position in CMS Energy by 1,213.6% in the third quarter. American National Bank now owns 578 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 534 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in CMS Energy during the third quarter worth $36,000. Finally, Carolinas Wealth Consulting LLC raised its position in CMS Energy by 2,010.0% in the first quarter. Carolinas Wealth Consulting LLC now owns 844 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 804 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

CMS Energy Trading Down 0.3 %

NYSE CMS opened at $56.08 on Monday. CMS Energy Co. has a 12 month low of $49.87 and a 12 month high of $63.76. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 2.24 and a beta of 0.38. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.56 and a quick ratio of 0.51. The firm’s fifty day moving average price is $57.71 and its 200 day moving average price is $56.55.

CMS Energy (NYSE:CMSGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, sell-side analysts expect that CMS Energy Co. will post 3.34 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Monday, February 12th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.67%. This is a boost from CMS Energy’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, February 9th. CMS Energy’s dividend payout ratio (DPR) is presently 64.78%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMS. Seaport Res Ptn lowered shares of CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Guggenheim upgraded CMS Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $64.00 in a research note on Friday, February 2nd. KeyCorp lifted their price objective on CMS Energy from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. increased their target price on CMS Energy from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, December 1st. Finally, Royal Bank of Canada lifted their target price on CMS Energy from $64.00 to $65.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Get Our Latest Stock Analysis on CMS

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the transaction, the senior vice president now directly owns 61,156 shares of the company’s stock, valued at approximately $3,540,932.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

About CMS Energy

(Free Report)

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.

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

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