CMS Energy Co. (NYSE:CMS) Shares Bought by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in CMS Energy Co. (NYSE:CMSFree Report) by 320.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,305,602 shares of the utilities provider’s stock after acquiring an additional 3,282,697 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 1.46% of CMS Energy worth $250,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Headinvest LLC purchased a new position in CMS Energy during the 3rd quarter worth $26,000. Tobam grew its holdings in shares of CMS Energy by 2,432.3% during the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after buying an additional 754 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in CMS Energy by 30.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 185 shares during the period. CVA Family Office LLC purchased a new stake in CMS Energy during the 4th quarter valued at approximately $47,000. Finally, Quent Capital LLC grew its stake in shares of CMS Energy by 63.8% in the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 323 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMS has been the subject of several analyst reports. BMO Capital Markets upped their price target on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Royal Bank of Canada lowered their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, March 4th. KeyCorp increased their price target on shares of CMS Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Barclays lifted their price objective on CMS Energy from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.27.

Read Our Latest Analysis on CMS Energy

Insider Buying and Selling at CMS Energy

In other news, SVP Brian F. Rich sold 2,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $61.10, for a total value of $122,200.00. Following the sale, the senior vice president now directly owns 97,682 shares in the company, valued at $5,968,370.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CMS Energy news, Director Jon E. Barfield sold 2,360 shares of CMS Energy stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $60.79, for a total value of $143,464.40. Following the completion of the sale, the director now directly owns 14,556 shares of the company’s stock, valued at approximately $884,859.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brian F. Rich sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total value of $122,200.00. Following the completion of the transaction, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

CMS Energy Price Performance

CMS Energy stock traded down $0.37 during trading hours on Friday, hitting $59.38. The stock had a trading volume of 1,837,616 shares, compared to its average volume of 2,430,463. CMS Energy Co. has a 1-year low of $49.87 and a 1-year high of $63.76. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.38 and a beta of 0.40. The stock’s fifty day moving average is $60.80 and its two-hundred day moving average is $58.98. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.35 and a quick ratio of 1.05.

CMS Energy (NYSE:CMSGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.32 billion. CMS Energy had a net margin of 13.19% and a return on equity of 12.83%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. As a group, analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

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

CMS Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CMS Energy (NYSE:CMS)

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