Oregon Public Employees Retirement Fund increased its holdings in CMS Energy Co. (NYSE:CMS) by 82.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,502 shares of the utilities provider’s stock after purchasing an additional 25,011 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CMS Energy were worth $3,083,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Reilly Financial Advisors LLC bought a new position in CMS Energy in the 4th quarter worth $25,000. Clean Yield Group bought a new position in CMS Energy in the 4th quarter worth $27,000. Cranbrook Wealth Management LLC bought a new position in shares of CMS Energy in the 4th quarter worth about $30,000. Blue Sky Asset Management LLC bought a new position in shares of CMS Energy in the 1st quarter worth about $38,000. Finally, Pinnacle Bank bought a new position in shares of CMS Energy in the 4th quarter worth about $48,000. 92.00% of the stock is owned by institutional investors.
NYSE CMS traded up $0.80 on Friday, reaching $58.75. 2,019,881 shares of the stock were exchanged, compared to its average volume of 2,229,656. CMS Energy Co. has a one year low of $43.21 and a one year high of $59.04. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 3.64 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.92 and a debt-to-equity ratio of 2.29.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.96 billion. CMS Energy had a net margin of 9.01% and a return on equity of 13.16%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Sell-side analysts forecast that CMS Energy Co. will post 2.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 3rd were given a dividend of $0.3825 per share. This represents a $1.53 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, May 2nd. CMS Energy’s payout ratio is currently 65.67%.
Several research analysts recently issued reports on CMS shares. Bank of America upgraded shares of CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Thursday, April 11th. Zacks Investment Research downgraded shares of CMS Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Credit Suisse Group set a $58.00 price objective on shares of CMS Energy and gave the company a “buy” rating in a research report on Monday, April 22nd. Argus raised their price target on shares of CMS Energy from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, Morgan Stanley raised their price target on shares of CMS Energy from $56.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. CMS Energy has an average rating of “Hold” and a consensus target price of $55.15.
In related news, Director John G. Russell sold 16,800 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $55.35, for a total value of $929,880.00. Following the sale, the director now owns 299,196 shares in the company, valued at $16,560,498.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Catherine A. Hendrian sold 1,753 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $56.96, for a total transaction of $99,850.88. Following the completion of the sale, the insider now owns 37,567 shares in the company, valued at approximately $2,139,816.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,256 shares of company stock worth $1,835,676. Company insiders own 0.52% of the company’s stock.
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CMS Energy Company Profile
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.
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