RWC Asset Management LLP Has $22.30 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

RWC Asset Management LLP lessened its holdings in CMS Energy Co. (NYSE:CMS) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,078 shares of the utilities provider’s stock after selling 22,775 shares during the period. CMS Energy comprises approximately 1.3% of RWC Asset Management LLP’s portfolio, making the stock its 25th biggest position. RWC Asset Management LLP’s holdings in CMS Energy were worth $22,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CMS. American Century Companies Inc. boosted its position in shares of CMS Energy by 6,027.8% in the third quarter. American Century Companies Inc. now owns 1,740,776 shares of the utilities provider’s stock worth $92,453,000 after buying an additional 1,712,368 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of CMS Energy by 1,392.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 911,833 shares of the utilities provider’s stock worth $52,561,000 after acquiring an additional 850,731 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of CMS Energy by 23.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,054,137 shares of the utilities provider’s stock worth $162,205,000 after acquiring an additional 570,800 shares in the last quarter. FMR LLC raised its holdings in shares of CMS Energy by 172.0% during the third quarter. FMR LLC now owns 855,410 shares of the utilities provider’s stock worth $45,431,000 after acquiring an additional 540,865 shares in the last quarter. Finally, Aviva PLC raised its holdings in shares of CMS Energy by 10,084.8% during the third quarter. Aviva PLC now owns 436,112 shares of the utilities provider’s stock worth $23,162,000 after acquiring an additional 431,830 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 3,500 shares of CMS Energy stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the sale, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMS. Guggenheim upgraded 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 report on Friday, February 2nd. Seaport Res Ptn lowered CMS Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Scotiabank cut their price objective on CMS Energy from $67.00 to $66.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. KeyCorp increased their price objective on CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, BMO Capital Markets raised their target price on CMS Energy from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Friday. One 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.33.

CMS Energy Stock Performance

Shares of CMS Energy stock traded down $1.14 during trading on Friday, reaching $59.34. The company’s stock had a trading volume of 2,386,366 shares, compared to its average volume of 2,522,026. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.66 and a current ratio of 2.03. The business’s fifty day moving average price is $58.76 and its 200-day moving average price is $57.42. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.38. CMS Energy Co. has a one year low of $49.87 and a one year high of $63.76.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.32 billion. CMS Energy had a return on equity of 12.83% and a net margin of 13.19%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. As a group, equities research analysts predict that CMS Energy Co. will post 3.32 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 14th. CMS Energy’s dividend payout ratio (DPR) is presently 62.80%.

CMS Energy Company 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.