CMS Energy Corporation (NYSE:CMS) Position Maintained by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ held its stake in shares of CMS Energy Corporation (NYSE:CMS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,659 shares of the utilities provider’s stock at the end of the first quarter. Skandinaviska Enskilda Banken AB publ owned 0.06% of CMS Energy Corporation worth $8,038,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CMS. Pointe Capital Management LLC bought a new stake in shares of CMS Energy Corporation during the first quarter worth $364,000. Bank of Nova Scotia raised its position in shares of CMS Energy Corporation by 937.8% in the first quarter. Bank of Nova Scotia now owns 64,061 shares of the utilities provider’s stock worth $2,866,000 after buying an additional 57,888 shares during the period. Summit Global Investments raised its position in shares of CMS Energy Corporation by 9.5% in the first quarter. Summit Global Investments now owns 12,080 shares of the utilities provider’s stock worth $540,000 after buying an additional 1,050 shares during the period. First Financial Equity Corporation acquired a new position in shares of CMS Energy Corporation during the first quarter worth approximately $790,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of CMS Energy Corporation by 38.2% in the first quarter. 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 during the period. Hedge funds and other institutional investors own 86.98% of the company’s stock.

Shares of CMS Energy Corporation (CMS) opened at 46.00 on Tuesday. CMS Energy Corporation has a 1-year low of $38.78 and a 1-year high of $48.37. The firm has a 50-day moving average of $46.99 and a 200 day moving average of $44.44. The company has a market capitalization of $12.88 billion, a P/E ratio of 21.89 and a beta of 0.16.

CMS Energy Corporation (NYSE:CMS) last issued its quarterly earnings results on Monday, May 1st. The utilities provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.06. CMS Energy Corporation had a net margin of 9.12% and a return on equity of 13.94%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $0.59 EPS. CMS Energy Corporation’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that CMS Energy Corporation will post $2.17 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Stock Observer and is the property of of Stock Observer. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/07/18/skandinaviska-enskilda-banken-ab-publ-holds-position-in-cms-energy-corporation-cms-updated-updated.html.

CMS has been the topic of a number of recent research reports. BidaskClub upgraded shares of CMS Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Barclays PLC reiterated an “equal weight” rating and set a $49.00 price target (up previously from $44.00) on shares of CMS Energy Corporation in a report on Sunday, April 23rd. Deutsche Bank AG lifted their price target on shares of CMS Energy Corporation from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. Finally, BMO Capital Markets reissued a “buy” rating and set a $48.00 target price on shares of CMS Energy Corporation in a research note on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $46.50.

In other CMS Energy Corporation news, Vice Chairman Thomas J. Webb sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $47.23, for a total value of $2,361,500.00. Following the sale, the insider now owns 187,773 shares in the company, valued at approximately $8,868,518.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Glenn P. Barba sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $45.12, for a total value of $721,920.00. Following the completion of the sale, the vice president now owns 33,913 shares in the company, valued at approximately $1,530,154.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,246 shares of company stock worth $4,114,711. Insiders own 0.65% of the company’s stock.

About CMS Energy Corporation

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.

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

Receive News & Ratings for CMS Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply