Paloma Partners Management Co increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 33.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,054 shares of the utilities provider’s stock after acquiring an additional 3,001 shares during the period. Paloma Partners Management Co’s holdings in CMS Energy were worth $599,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Reilly Financial Advisors LLC acquired a new position in shares of CMS Energy in the fourth quarter worth $25,000. Clean Yield Group purchased a new stake in CMS Energy in the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund raised its holdings in shares of CMS Energy by 4,803.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,878 shares of the utilities provider’s stock valued at $30,000 after buying an additional 1,483,006 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at about $30,000. Finally, Advisors Preferred LLC purchased a new stake in shares of CMS Energy in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.
A number of research analysts have recently issued reports on CMS shares. Zacks Investment Research lowered shares of CMS Energy from a “buy” rating to a “hold” rating in a research note on Monday. SunTrust Banks restated a “hold” rating and set a $56.00 target price on shares of CMS Energy in a research report on Monday, February 25th. Guggenheim restated a “hold” rating and set a $53.00 target price on shares of CMS Energy in a research report on Monday, January 7th. Argus upped their target price on shares of CMS Energy from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Citigroup upped their target price on shares of CMS Energy from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 19th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $54.50.
NYSE:CMS traded down $0.11 during trading hours on Monday, reaching $54.87. 1,810,400 shares of the company were exchanged, compared to its average volume of 2,323,604. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 2.23. The company has a market cap of $15.60 billion, a P/E ratio of 23.55, a P/E/G ratio of 3.45 and a beta of 0.19. CMS Energy Co. has a 52-week low of $42.52 and a 52-week high of $56.29.
CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, January 31st. The utilities provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). CMS Energy had a return on equity of 13.93% and a net margin of 9.56%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business earned $0.51 EPS. Research analysts forecast that CMS Energy Co. will post 2.51 earnings per share for the current fiscal year.
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About CMS Energy
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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