RWC Asset Management LLP Lowers Stock Holdings in CMS Energy Co. (NYSE:CMS)

RWC Asset Management LLP trimmed its position in shares of CMS Energy Co. (NYSE:CMS) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,078 shares of the utilities provider’s stock after selling 22,775 shares during the quarter. CMS Energy accounts for approximately 1.3% of RWC Asset Management LLP’s investment portfolio, making the stock its 25th biggest position. RWC Asset Management LLP owned 0.13% of CMS Energy worth $22,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMS. American Century Companies Inc. boosted its holdings in CMS Energy by 6,027.8% during the 3rd quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock valued at $92,453,000 after acquiring an additional 1,712,368 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of CMS Energy by 1,392.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 911,833 shares of the utilities provider’s stock valued at $52,561,000 after buying an additional 850,731 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of CMS Energy by 23.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock valued at $162,205,000 after buying an additional 570,800 shares during the period. FMR LLC boosted its stake in shares of CMS Energy by 172.0% in the 3rd quarter. FMR LLC now owns 855,410 shares of the utilities provider’s stock valued at $45,431,000 after buying an additional 540,865 shares during the period. Finally, Aviva PLC boosted its stake in shares of CMS Energy by 10,084.8% in the 3rd quarter. Aviva PLC now owns 436,112 shares of the utilities provider’s stock valued at $23,162,000 after buying an additional 431,830 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

CMS traded down $1.14 during trading on Friday, hitting $59.34. 2,386,366 shares of the stock were exchanged, compared to its average volume of 2,522,026. The firm has a market capitalization of $17.72 billion, a P/E ratio of 18.09, a PEG ratio of 2.35 and a beta of 0.38. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76. The stock has a fifty day moving average price of $58.76 and a two-hundred day moving average price of $57.42. The company has a quick ratio of 0.66, a current ratio of 2.03 and a debt-to-equity ratio of 1.91.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, sell-side analysts predict that CMS Energy Co. will post 3.32 earnings per share for the current year.

CMS Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s payout ratio is currently 62.80%.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the subject of several recent research reports. Scotiabank decreased their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada cut their target price on CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a research report on Monday, March 4th. Barclays cut their target price on CMS Energy from $58.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. KeyCorp raised their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Guggenheim raised CMS Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.33.

CMS Energy Company Profile

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.