Capital Group Private Client Services Inc. Raises Holdings in CMS Energy Co. (NYSE:CMS)

Capital Group Private Client Services Inc. increased its position in shares of CMS Energy Co. (NYSE:CMS) by 12.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 323,489 shares of the utilities provider’s stock after purchasing an additional 35,847 shares during the period. Capital Group Private Client Services Inc.’s holdings in CMS Energy were worth $19,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CMS Energy by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 352,451 shares of the utilities provider’s stock valued at $21,267,000 after purchasing an additional 49,630 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in CMS Energy by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,680,374 shares of the utilities provider’s stock valued at $97,579,000 after acquiring an additional 40,302 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of CMS Energy by 68.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 64,072 shares of the utilities provider’s stock valued at $3,721,000 after acquiring an additional 26,034 shares during the period. Dimensional Fund Advisors LP raised its position in shares of CMS Energy by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,851 shares of the utilities provider’s stock worth $60,326,000 after acquiring an additional 18,636 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of CMS Energy by 132.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,071,473 shares of the utilities provider’s stock worth $62,100,000 after purchasing an additional 611,282 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CMS. Scotiabank reduced their target price on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Thursday, April 4th. BMO Capital Markets raised their target price on shares of CMS Energy from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Guggenheim upped their price target on CMS Energy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company raised their price objective on CMS Energy from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, CMS Energy presently has an average rating of “Moderate Buy” and an average target price of $65.00.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 1,667 shares of CMS Energy stock in a transaction dated Thursday, June 13th. The shares were 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 directly owns 68,330 shares in the company, valued at $4,098,433.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CMS Energy news, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brandon J. Hofmeister sold 1,667 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $59.98, for a total transaction of $99,986.66. Following the completion of the transaction, the senior vice president now directly owns 68,330 shares of the company’s stock, valued at approximately $4,098,433.40. The disclosure for this sale can be found here. Insiders sold a total of 6,027 shares of company stock valued at $365,651 over the last quarter. 0.40% of the stock is owned by insiders.

CMS Energy Price Performance

Shares of CMS Energy stock traded down $0.25 during mid-day trading on Friday, reaching $62.96. 1,597,173 shares of the stock traded hands, compared to its average volume of 2,372,494. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average of $60.67 and a 200 day moving average of $59.42. The stock has a market capitalization of $18.80 billion, a PE ratio of 19.20, a PEG ratio of 2.48 and a beta of 0.38. CMS Energy Co. has a fifty-two week low of $49.87 and a fifty-two week high of $64.28.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $0.75 earnings per share. CMS Energy’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $2.04 annualized dividend and a yield of 3.24%. CMS Energy’s payout ratio is 62.80%.

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.