Penserra Capital Management LLC Invests $1.84 Million in CMS Energy Co. (CMS)

Penserra Capital Management LLC acquired a new stake in CMS Energy Co. (NYSE:CMS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,635 shares of the utilities provider’s stock, valued at approximately $1,844,000.

Several other large investors also recently bought and sold shares of the company. DnB Asset Management AS raised its stake in shares of CMS Energy by 4.2% in the 2nd quarter. DnB Asset Management AS now owns 44,521 shares of the utilities provider’s stock valued at $2,105,000 after buying an additional 1,800 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of CMS Energy by 47.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 12,649 shares of the utilities provider’s stock valued at $598,000 after buying an additional 4,079 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of CMS Energy by 16.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 130,234 shares of the utilities provider’s stock valued at $6,156,000 after buying an additional 18,570 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of CMS Energy by 40.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 145,381 shares of the utilities provider’s stock valued at $6,874,000 after buying an additional 41,908 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of CMS Energy by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 462,807 shares of the utilities provider’s stock valued at $21,882,000 after buying an additional 11,215 shares in the last quarter. 89.94% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. SunTrust Banks restated a “hold” rating and issued a $50.00 price objective on shares of CMS Energy in a research note on Wednesday. Morgan Stanley increased their price objective on shares of CMS Energy from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Argus upgraded shares of CMS Energy from a “hold” rating to a “buy” rating in a research note on Monday, September 10th. Wells Fargo & Co increased their price objective on shares of CMS Energy from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Finally, Citigroup increased their price objective on shares of CMS Energy from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. CMS Energy currently has a consensus rating of “Hold” and an average target price of $51.40.

Shares of CMS Energy stock opened at $50.14 on Friday. The stock has a market cap of $14.06 billion and a P/E ratio of 23.11. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 1.87. CMS Energy Co. has a 12-month low of $40.48 and a 12-month high of $51.91.

CMS Energy (NYSE:CMS) last announced its earnings results on Thursday, October 25th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. CMS Energy had a net margin of 8.00% and a return on equity of 14.88%. During the same quarter last year, the company posted $0.62 EPS. As a group, equities research analysts forecast that CMS Energy Co. will post 2.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be given a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, November 1st. CMS Energy’s dividend payout ratio (DPR) is currently 65.90%.

In related news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $48.77, for a total transaction of $48,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jon E. Barfield sold 2,861 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $48.45, for a total transaction of $138,615.45. The disclosure for this sale can be found here. Insiders have sold a total of 7,861 shares of company stock valued at $386,145 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This news story was first posted by WKRB News and is owned by of WKRB News. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.wkrb13.com/2018/11/10/penserra-capital-management-llc-invests-1-84-million-in-cms-energy-co-cms.html.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity. It generates electricity through fossil-fuel-fired plants, as well as renewable energy and nuclear sources.

Further Reading: What is the NASDAQ Stock Market?

Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. (NYSE:CMS).

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

Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply