12 June, 2017
Transamerica Financial Advisors Inc. now owns 14,716 shares of the utilities provider's stock worth $619,000 after buying an additional 897 shares during the period. Shell Asset Mgmt reported 0.08% in CMS Energy Corporation (NYSE:CMS). First Capital Advisors Group LLC. purchased a new position in shares of CMS Energy during the fourth quarter valued at approximately $476,000. Clarius Group LLC raised its stake in CMS Energy by 0.7% in the first quarter. Bank of Nova Scotia now owns 64,061 shares of the utilities provider's stock valued at $2,866,000 after buying an additional 57,888 shares during the period. The hedge fund run by Jonathan Barrett held 1.48M shares of the steel and iron ore company at the end of 2016Q4, valued at $48.85M, down from 4.02 million at the end of the previous reported quarter. Brookfield Asset Management Inc. purchased a new position in shares of CMS Energy during the first quarter valued at approximately $159,000. About shares traded. CMS Energy Corporation (NYSE:CMS) has risen 12.78% since June 8, 2016 and is uptrending. (NYSE:CMS) traded down 0.15% during mid-day trading on Friday, hitting $46.85. The stock increased 2.86% or $0.58 during the last trading session, reaching $20.87. Millennium Management Llc who had been investing in Cms Energy Corp for a number of months, seems to be less bullish one the $13.14 billion market cap company. Latest closing price was 2.57% above its 50-day moving average and 9.07% above its 200-day moving average.
Receive CMS Energy Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy Corporation with MarketBeat.com's FREE daily email newsletter. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.91 billion. Also Streetinsider.com published the news titled: "Form 8-K CMS ENERGY CORP For: May 16 Filed by: CONSUMERS ENERGY CO" on May 22, 2017. CMS Energy's revenue for the quarter was up 1.6% compared to the same quarter past year. During the same quarter in the prior year, the business earned $0.59 EPS. On average, analysts predict that CMS Energy will post $2.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. A 6 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of CMS or, if they already own its stock, sell it. The ex-dividend date was Wednesday, May 3rd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.81%. CMS Energy's dividend payout ratio (DPR) is now 66.83%. If you are accessing this piece on another site, it was stolen and reposted in violation of USA and worldwide copyright and trademark law. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/06/10/cms-energy-co-cms-insider-sells-474200-00-in-stock-updated.html.
Several research analysts have commented on the stock. Deutsche Bank AG raised their price objective 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. Barclays PLC reaffirmed an "equal weight" rating and issued a $49.00 price target (up from $44.00) on shares of CMS Energy in a research report on Sunday, April 23rd. Dynamic Technology Lab Private Ltd's holdings in CMS Energy were worth $866,000 at the end of the most recent quarter. UBS downgraded CMS Energy Corporation (NYSE:CMS) on Monday, October 26 to "Neutral" rating. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. And it remains to be seen which target price CMS can achieve without sacrificing much as the company is holding a 9.55% gain for the past twelve months.
In other news, SVP Catherine M. Reynolds sold 10,246 shares of the business's stock in a transaction dated Monday, May 8th.
The share price of CMS Energy Corporation (NYSE:CMS) was up +0.00% during the last trading session, with a day high of 47.46. Following the transaction, the insider now directly owns 30,022 shares in the company, valued at $1,366,001. There are brokerage firms with lower targets than the average, including one setting a price target of $45. Following the sale, the senior vice president now directly owns 113,956 shares of the company's stock, valued at approximately $5,183,858.44. The disclosure for this sale can be found here. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,474 shares of the utilities provider's stock worth $513,000 after buying an additional 3,174 shares in the last quarter. Corporate insiders own 0.93% of the company's stock.
