CMS Energy Co. (NYSE:CMS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in CMS Energy Co. (NYSE:CMSFree Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,256 shares of the utilities provider’s stock after purchasing an additional 2,290 shares during the period. Van ECK Associates Corp’s holdings in CMS Energy were worth $4,360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Headinvest LLC acquired a new stake in shares of CMS Energy in the third quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of CMS Energy during the 4th quarter worth $29,000. Voisard Asset Management Group Inc. purchased a new position in shares of CMS Energy in the 4th quarter worth about $36,000. Tobam grew its stake in CMS Energy by 2,432.3% during the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of CMS Energy by 30.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets raised their target price on CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Barclays raised their target price on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. UBS Group downgraded CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Thursday, April 4th. Scotiabank dropped their target price on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus price target of $64.20.

Read Our Latest Stock Report on CMS Energy

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the sale, the senior vice president now owns 68,330 shares in the company, valued at approximately $4,098,433.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Brandon J. Hofmeister sold 1,667 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $59.98, for a total value of $99,986.66. Following the completion of the sale, the senior vice president now owns 68,330 shares in the company, valued at $4,098,433.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jon E. Barfield sold 2,360 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the transaction, the director now owns 14,556 shares in the company, valued at $884,859.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027 shares of company stock worth $365,651. 0.53% of the stock is currently owned by insiders.

CMS Energy Price Performance

CMS opened at $58.95 on Friday. The stock has a fifty day moving average price of $60.96 and a 200 day moving average price of $59.13. The company has a current ratio of 1.35, a quick ratio of 1.05 and a debt-to-equity ratio of 1.82. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.34 and a beta of 0.38.

CMS Energy (NYSE:CMSGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business earned $0.70 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts forecast that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Tuesday, May 14th. CMS Energy’s payout ratio is 62.80%.

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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