OxFORD Asset Management LLP Raises Holdings in CMS Energy Co. (CMS)
OxFORD Asset Management LLP boosted its position in CMS Energy Co. (NYSE:CMS) by 1,276.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,739 shares of the utilities provider’s stock after buying an additional 119,384 shares during the quarter. OxFORD Asset Management LLP’s holdings in CMS Energy were worth $5,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in CMS Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 29,277,644 shares of the utilities provider’s stock worth $1,354,091,000 after buying an additional 764,989 shares in the last quarter. BlackRock Inc. boosted its stake in CMS Energy by 11.6% in the second quarter. BlackRock Inc. now owns 25,533,148 shares of the utilities provider’s stock worth $1,180,906,000 after buying an additional 2,653,503 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in CMS Energy by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 21,476,208 shares of the utilities provider’s stock worth $995,424,000 after buying an additional 694,563 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CMS Energy by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 14,018,642 shares of the utilities provider’s stock worth $649,344,000 after buying an additional 596,628 shares in the last quarter. Finally, Eaton Vance Management boosted its stake in CMS Energy by 339.0% in the second quarter. Eaton Vance Management now owns 2,534,240 shares of the utilities provider’s stock worth $117,209,000 after buying an additional 1,957,005 shares in the last quarter. 87.42% of the stock is owned by institutional investors and hedge funds.
In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the sale, the insider now owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $49.48, for a total value of $123,700.00. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
Several analysts have issued reports on CMS shares. Bank of America started coverage on CMS Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price for the company. KeyCorp reaffirmed a “buy” rating and issued a $51.00 target price on shares of CMS Energy in a research note on Friday, October 20th. BidaskClub raised CMS Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Morgan Stanley increased their price objective on CMS Energy from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $48.90.
Shares of CMS Energy Co. (NYSE:CMS) opened at $49.76 on Tuesday. The firm has a market capitalization of $14,027.31, a P/E ratio of 25.51, a PEG ratio of 3.54 and a beta of 0.19. CMS Energy Co. has a 52 week low of $39.42 and a 52 week high of $50.85. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94.
CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.60 billion. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. sell-side analysts forecast that CMS Energy Co. will post 2.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 3rd were paid a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, November 2nd. CMS Energy’s payout ratio is 68.91%.
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CMS Energy Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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