Epoch Investment Partners Inc. Reduces Position in CMS Energy Co. (CMS)
Epoch Investment Partners Inc. lowered its position in CMS Energy Co. (NYSE:CMS) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 742,594 shares of the utilities provider’s stock after selling 20,041 shares during the period. Epoch Investment Partners Inc. owned 0.26% of CMS Energy worth $34,397,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CMS. BlackRock Inc. increased its holdings 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in CMS Energy by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 20,781,645 shares of the utilities provider’s stock worth $961,152,000 after buying an additional 2,145,055 shares during the last quarter. Eaton Vance Management increased its holdings 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 during the last quarter. Janus Henderson Group PLC increased its holdings in CMS Energy by 3,063.0% in the second quarter. Janus Henderson Group PLC now owns 1,302,969 shares of the utilities provider’s stock worth $60,263,000 after buying an additional 1,261,775 shares during the last quarter. Finally, Brookfield Asset Management Inc. increased its holdings in CMS Energy by 25,046.4% in the second quarter. Brookfield Asset Management Inc. now owns 894,959 shares of the utilities provider’s stock worth $41,392,000 after buying an additional 891,400 shares during the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction that occurred 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 directly owns 28,176 shares of the company’s stock, valued at $1,353,011.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David G. Mengebier sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were 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. 0.65% of the stock is currently owned by corporate insiders.
Shares of CMS Energy Co. (NYSE:CMS) opened at $49.31 on Wednesday. The stock has a market capitalization of $14,032.95, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.19. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 1.99. CMS Energy Co. has a 12-month low of $39.85 and a 12-month high of $50.85.
CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. equities analysts forecast that CMS Energy Co. will post 2.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd were given a $0.3325 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.33 annualized dividend and a dividend yield of 2.70%. CMS Energy’s dividend payout ratio is 68.91%.
A number of equities analysts recently commented on CMS shares. Morgan Stanley set a $49.00 price objective on CMS Energy and gave the stock a “hold” rating in a report on Thursday, August 10th. BidaskClub raised CMS Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. KeyCorp reaffirmed a “buy” rating and set a $51.00 target price on shares of CMS Energy in a research report on Friday, September 1st. Guggenheim started coverage on CMS Energy in a research report on Tuesday, September 5th. They set a “neutral” rating and a $48.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $46.00 target price on shares of CMS Energy in a research report on Monday, September 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CMS Energy has an average rating of “Buy” and a consensus target price of $48.90.
CMS Energy Company 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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