40,400 Shares in CMS Energy Co. (NYSE:CMS) Purchased by Andra AP fonden

Andra AP fonden bought a new stake in CMS Energy Co. (NYSE:CMS) in the second quarter, HoldingsChannel.com reports. The fund bought 40,400 shares of the utilities provider’s stock, valued at approximately $2,405,000.

Several other institutional investors also recently made changes to their positions in CMS. JPMorgan Chase & Co. boosted its position in CMS Energy by 14.0% during the 1st quarter. JPMorgan Chase & Co. now owns 22,662,964 shares of the utilities provider’s stock valued at $1,367,483,000 after purchasing an additional 2,786,071 shares during the period. Capital International Investors grew its position in shares of CMS Energy by 24.8% during the fourth quarter. Capital International Investors now owns 6,208,876 shares of the utilities provider’s stock worth $360,537,000 after acquiring an additional 1,234,791 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of CMS Energy by 1.2% in the 4th quarter. Capital Research Global Investors now owns 5,593,539 shares of the utilities provider’s stock worth $324,817,000 after acquiring an additional 65,966 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in CMS Energy by 320.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,305,602 shares of the utilities provider’s stock valued at $250,026,000 after purchasing an additional 3,282,697 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in CMS Energy by 30.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,149,298 shares of the utilities provider’s stock valued at $182,880,000 after purchasing an additional 742,390 shares during the period. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of CMS Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Guggenheim lifted their target price on CMS Energy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Barclays boosted their price target on CMS Energy from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 13th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, Scotiabank upped their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, CMS Energy currently has an average rating of “Moderate Buy” and a consensus target price of $67.33.

CMS Energy Price Performance

Shares of NYSE CMS opened at $69.31 on Friday. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $69.69. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average of $65.00 and a two-hundred day moving average of $61.74. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.71 and a beta of 0.40.

CMS Energy (NYSE:CMS) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.73 billion. CMS Energy had a net margin of 13.10% and a return on equity of 12.25%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, August 2nd. CMS Energy’s payout ratio is 62.80%.

About CMS Energy

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.