Charles Schwab Investment Management Inc. Has $87.10 Million Position in CMS Energy Co. (NYSE:CMS)

Charles Schwab Investment Management Inc. grew its position in shares of CMS Energy Co. (NYSE:CMSFree Report) by 1.6% during the third quarter, reports. The firm owned 1,640,072 shares of the utilities provider’s stock after purchasing an additional 26,560 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CMS Energy were worth $87,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Covington Capital Management bought a new position in CMS Energy during the 3rd quarter worth $27,000. Clear Street Markets LLC increased its position in CMS Energy by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 573 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 279 shares during the period. American National Bank boosted its stake in shares of CMS Energy by 1,213.6% in the 3rd quarter. American National Bank now owns 578 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 534 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in CMS Energy in the third quarter valued at $36,000. Finally, Carolinas Wealth Consulting LLC raised its position in shares of CMS Energy by 2,010.0% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 844 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 804 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the completion of the sale, the senior vice president now directly owns 61,156 shares of the company’s stock, valued at $3,540,932.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

CMS Energy Stock Down 0.3 %

CMS stock opened at $56.08 on Monday. The firm has a market capitalization of $16.36 billion, a PE ratio of 18.63, a P/E/G ratio of 2.24 and a beta of 0.38. The company has a quick ratio of 0.51, a current ratio of 1.56 and a debt-to-equity ratio of 1.98. CMS Energy Co. has a twelve month low of $49.87 and a twelve month high of $63.76. The stock’s 50 day moving average is $57.71 and its 200-day moving average is $56.55.

CMS Energy (NYSE:CMSGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. CMS Energy had a return on equity of 12.09% and a net margin of 11.89%. CMS Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Sell-side analysts expect that CMS Energy Co. will post 3.34 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Monday, February 12th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.67%. This is an increase from CMS Energy’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, February 9th. CMS Energy’s dividend payout ratio is presently 64.78%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMS. Wolfe Research upgraded CMS Energy from a “peer perform” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Tuesday, January 16th. Royal Bank of Canada lifted their price objective on shares of CMS Energy from $64.00 to $65.00 and gave the company a “sector perform” rating in a research note on Monday, February 5th. BMO Capital Markets raised their price target on shares of CMS Energy from $61.00 to $64.00 and gave the stock an “outperform” rating in a report on Tuesday, December 26th. Morgan Stanley dropped their price objective on shares of CMS Energy from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 25th. Finally, Guggenheim raised shares of CMS Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $64.00 in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to, the company has an average rating of “Moderate Buy” and an average target price of $62.50.

Read Our Latest Report on CMS

CMS Energy 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.

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

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