Moody National Bank Trust Division held its position in CMS Energy Co. (NYSE:CMS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,883 shares of the utilities provider’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in CMS Energy were worth $979,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CMS. Quadrant Capital Group LLC boosted its position in CMS Energy by 5.7% in the first quarter. Quadrant Capital Group LLC now owns 2,701 shares of the utilities provider’s stock valued at $118,000 after buying an additional 145 shares in the last quarter. Bessemer Group Inc. boosted its position in CMS Energy by 3,803.6% in the fourth quarter. Bessemer Group Inc. now owns 4,372 shares of the utilities provider’s stock valued at $182,000 after buying an additional 4,260 shares in the last quarter. Parametrica Management Ltd purchased a new position in CMS Energy during the first quarter valued at $200,000. Brown Advisory Inc. purchased a new position in CMS Energy during the fourth quarter valued at $203,000. Finally, IFM Investors Pty Ltd purchased a new position in CMS Energy during the fourth quarter valued at $208,000. 88.34% of the stock is owned by institutional investors and hedge funds.
CMS Energy Co. (NYSE:CMS) traded down 0.71% during trading on Thursday, reaching $44.82. 2,972,215 shares of the company’s stock were exchanged. CMS Energy Co. has a 12 month low of $38.78 and a 12 month high of $46.25. The firm’s 50-day moving average price is $44.79 and its 200-day moving average price is $42.37. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 22.64 and a beta of 0.08.
CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $2.15 billion. CMS Energy had a return on equity of 13.31% and a net margin of 8.61%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, equities research analysts anticipate that CMS Energy Co. will post $2.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 5th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.97%. CMS Energy’s dividend payout ratio (DPR) is 66.83%.
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Several research firms recently weighed in on CMS. Royal Bank of Canada reissued a “hold” rating and issued a $46.00 target price on shares of CMS Energy in a research note on Wednesday, January 4th. Credit Suisse Group AG began coverage on shares of CMS Energy in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $44.00 target price for the company. Zacks Investment Research raised shares of CMS Energy from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, February 21st. Evercore ISI raised shares of CMS Energy to an “outperform” rating in a research note on Monday, March 6th. Finally, Deutsche Bank AG raised their target price on shares of CMS Energy from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.13.
About CMS Energy
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
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