Robeco Institutional Asset Management B.V. Takes $1.13 Million Position in CMS Energy Corporation (NYSE:CMS)

Robeco Institutional Asset Management B.V. bought a new position in shares of CMS Energy Corporation (NYSE:CMS) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,976 shares of the utilities provider’s stock, valued at approximately $1,125,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMS. Private Trust Co. NA lifted its holdings in CMS Energy by 30.4% in the fourth quarter. Private Trust Co. NA now owns 1,281 shares of the utilities provider’s stock valued at $85,000 after buying an additional 299 shares during the period. SVB Wealth LLC bought a new position in shares of CMS Energy during the 4th quarter valued at approximately $366,000. Jones Financial Companies Lllp boosted its holdings in CMS Energy by 129.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,404 shares of the utilities provider’s stock worth $94,000 after buying an additional 792 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in CMS Energy by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider’s stock worth $125,253,000 after buying an additional 56,882 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in CMS Energy in the 4th quarter worth approximately $238,000. Institutional investors own 93.57% of the company’s stock.

CMS Energy Trading Down 0.7%

NYSE CMS opened at $69.67 on Thursday. CMS Energy Corporation has a one year low of $58.50 and a one year high of $76.45. The firm has a 50 day simple moving average of $70.63 and a 200-day simple moving average of $70.14. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.84 and a current ratio of 1.06. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.50 and a beta of 0.38.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). CMS Energy had a return on equity of 12.06% and a net margin of 13.10%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that CMS Energy Corporation will post 3.59 EPS for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were issued a $0.5425 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.11%. CMS Energy’s payout ratio is 64.39%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CMS shares. Morgan Stanley set a $71.00 price objective on shares of CMS Energy and gave the company an “equal weight” rating in a research report on Thursday, May 22nd. Jefferies Financial Group boosted their price objective on shares of CMS Energy from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Scotiabank reaffirmed an “outperform” rating and issued a $81.00 target price (up from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Bank of America boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Finally, Evercore ISI increased their price objective on shares of CMS Energy from $73.00 to $76.00 and gave the stock an “in-line” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Hold” and a consensus price target of $77.00.

Insider Activity at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,198 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $73.61, for a total value of $161,794.78. Following the transaction, the senior vice president directly owned 69,571 shares of the company’s stock, valued at approximately $5,121,121.31. The trade was a 3.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

CMS Energy Profile

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.