Robeco Institutional Asset Management B.V. cut its position in CMS Energy Co. (NYSE:CMS) by 18.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,340 shares of the utilities provider’s stock after selling 62,934 shares during the period. Robeco Institutional Asset Management B.V. owned 0.10% of CMS Energy worth $16,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of CMS. Norges Bank acquired a new stake in shares of CMS Energy in the fourth quarter worth approximately $84,079,000. Janus Henderson Group PLC boosted its stake in CMS Energy by 72.3% during the first quarter. Janus Henderson Group PLC now owns 2,018,706 shares of the utilities provider’s stock worth $112,118,000 after buying an additional 846,801 shares during the last quarter. Scout Investments Inc. boosted its stake in CMS Energy by 72.4% during the second quarter. Scout Investments Inc. now owns 1,508,302 shares of the utilities provider’s stock worth $87,346,000 after buying an additional 633,549 shares during the last quarter. Retirement Systems of Alabama boosted its stake in CMS Energy by 388.9% during the first quarter. Retirement Systems of Alabama now owns 638,663 shares of the utilities provider’s stock worth $35,471,000 after buying an additional 508,033 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in CMS Energy by 18.2% during the first quarter. Pictet Asset Management Ltd. now owns 3,191,821 shares of the utilities provider’s stock worth $177,274,000 after buying an additional 491,602 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CMS stock traded down $0.29 on Friday, hitting $58.70. The stock had a trading volume of 1,496,601 shares, compared to its average volume of 1,632,299. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 3.70 and a beta of 0.15. CMS Energy Co. has a 1 year low of $47.53 and a 1 year high of $59.54. The firm has a 50 day moving average of $58.53.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be issued a $0.3825 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.53 annualized dividend and a dividend yield of 2.61%. CMS Energy’s dividend payout ratio is presently 65.67%.
In related news, 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 value of $99,850.88. Following the sale, the insider now owns 37,567 shares in the company, valued at approximately $2,139,816.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Catherine M. Reynolds sold 6,203 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $54.63, for a total value of $338,869.89. Following the completion of the sale, the senior vice president now owns 121,211 shares in the company, valued at approximately $6,621,756.93. The disclosure for this sale can be found here. Insiders sold a total of 19,156 shares of company stock worth $1,084,065 in the last quarter. Company insiders own 0.52% of the company’s stock.
A number of equities analysts have weighed in on CMS shares. Barclays reissued a “hold” rating and set a $61.00 price objective on shares of CMS Energy in a research note on Thursday, June 20th. KeyCorp started coverage on CMS Energy in a research note on Tuesday, June 4th. They set a “sector weight” rating on the stock. Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 23rd. Credit Suisse Group set a $58.00 price objective on CMS Energy and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Bank of America raised CMS Energy from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.08.
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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