Man Group plc Buys 99,913 Shares of CMS Energy Co. (NYSE:CMS)

Man Group plc grew its stake in shares of CMS Energy Co. (NYSE:CMS) by 52.4% in the third quarter, HoldingsChannel.com reports. The firm owned 290,595 shares of the utilities provider’s stock after buying an additional 99,913 shares during the quarter. Man Group plc’s holdings in CMS Energy were worth $18,583,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in CMS Energy during the 1st quarter valued at $137,000. Commonwealth Equity Services LLC increased its position in shares of CMS Energy by 0.6% in the second quarter. Commonwealth Equity Services LLC now owns 49,364 shares of the utilities provider’s stock valued at $2,858,000 after acquiring an additional 286 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of CMS Energy by 71.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 10,274 shares of the utilities provider’s stock valued at $595,000 after acquiring an additional 4,283 shares during the period. Arizona State Retirement System raised its stake in shares of CMS Energy by 19.2% during the second quarter. Arizona State Retirement System now owns 222,990 shares of the utilities provider’s stock valued at $12,913,000 after acquiring an additional 35,843 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of CMS Energy by 21.1% during the second quarter. Strs Ohio now owns 146,898 shares of the utilities provider’s stock worth $8,506,000 after purchasing an additional 25,582 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

CMS has been the topic of several recent analyst reports. SunTrust Banks raised their target price on CMS Energy from $62.00 to $63.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Morgan Stanley upped their price target on CMS Energy from $59.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Argus set a $66.00 price objective on CMS Energy and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine lowered CMS Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group boosted their target price on CMS Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $61.21.

CMS stock opened at $60.87 on Tuesday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.06 and a quick ratio of 0.74. CMS Energy Co. has a 1 year low of $47.63 and a 1 year high of $65.31. The firm has a 50-day moving average of $62.12 and a 200 day moving average of $60.53. The company has a market cap of $17.40 billion, a P/E ratio of 27.74, a PEG ratio of 3.83 and a beta of 0.05.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, October 24th. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06. CMS Energy had a return on equity of 12.80% and a net margin of 9.03%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $0.59 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts expect that CMS Energy Co. will post 2.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st were paid a $0.3825 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Thursday, October 31st. CMS Energy’s payout ratio is presently 65.67%.

In other CMS Energy news, SVP Dhenuvakonda Rao Venkat sold 750 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $63.44, for a total transaction of $47,580.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jon E. Barfield sold 8,390 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $60.75, for a total transaction of $509,692.50. The disclosure for this sale can be found here. Insiders have sold 21,090 shares of company stock worth $1,318,440 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates in three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. The segment generates electricity through coal, gas, renewable energy, oil, and nuclear sources.

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

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