BNP Paribas Financial Markets Purchases 229,335 Shares of CMS Energy Co. (NYSE:CMS)

BNP Paribas Financial Markets increased its position in CMS Energy Co. (NYSE:CMSFree Report) by 215.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 335,551 shares of the utilities provider’s stock after buying an additional 229,335 shares during the quarter. BNP Paribas Financial Markets’ holdings in CMS Energy were worth $19,485,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Headinvest LLC bought a new stake in shares of CMS Energy during the third quarter valued at approximately $26,000. Tobam increased its holdings in CMS Energy by 2,432.3% in the 4th quarter. Tobam now owns 785 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 754 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake 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 worth $46,000 after purchasing an additional 185 shares in the last quarter. CVA Family Office LLC purchased a new stake in CMS Energy in the 4th quarter worth $47,000. Finally, Quent Capital LLC boosted its holdings in shares of CMS Energy by 63.8% during 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. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other CMS Energy news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the transaction, the senior vice president now owns 68,971 shares of the company’s stock, valued at approximately $3,985,144.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Brian F. Rich sold 2,000 shares of CMS Energy stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $61.10, for a total transaction of $122,200.00. Following the completion of the sale, the senior vice president now owns 97,682 shares of the company’s stock, valued at $5,968,370.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brandon J. Hofmeister sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total value of $202,230.00. Following the completion of the transaction, the senior vice president now directly owns 68,971 shares in the company, valued at approximately $3,985,144.38. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their target price on CMS Energy from $68.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays upped their price objective on CMS Energy from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Royal Bank of Canada cut their target price on shares of CMS Energy from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, March 4th. Scotiabank reduced their price target on shares of CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Finally, UBS Group lowered shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.75.

Get Our Latest Stock Analysis on CMS Energy

CMS Energy Stock Performance

CMS stock opened at $62.39 on Wednesday. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.37. The company has a quick ratio of 1.05, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The firm’s fifty day simple moving average is $59.71 and its two-hundred day simple moving average is $58.09.

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

CMS Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.06 annualized dividend and a dividend yield of 3.30%. CMS Energy’s payout ratio is 62.80%.

CMS Energy Company 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.

Further Reading

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

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