Janus Henderson Group PLC Grows Stake in CMS Energy Co. (NYSE:CMS)

Janus Henderson Group PLC boosted its position in CMS Energy Co. (NYSE:CMS) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,887 shares of the utilities provider’s stock after purchasing an additional 60,684 shares during the period. Janus Henderson Group PLC owned about 0.18% of CMS Energy worth $35,988,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in CMS Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 38,175,088 shares of the utilities provider’s stock valued at $2,544,370,000 after purchasing an additional 316,011 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in CMS Energy by 32.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,256,949 shares of the utilities provider’s stock valued at $950,227,000 after buying an additional 3,486,074 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider’s stock valued at $649,264,000 after buying an additional 2,131,269 shares during the last quarter. Geode Capital Management LLC grew its holdings in CMS Energy by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider’s stock valued at $505,869,000 after buying an additional 98,910 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in CMS Energy by 11.6% during the 4th quarter. Northern Trust Corp now owns 2,986,489 shares of the utilities provider’s stock valued at $199,049,000 after buying an additional 311,489 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company’s stock, valued at approximately $5,306,349.87. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total value of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at approximately $2,709,093.60. The trade was a 6.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,698 shares of company stock valued at $483,935 over the last three months. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMS. Bank of America increased their target price on CMS Energy from $73.00 to $80.00 and gave the company a “buy” rating in a report on Monday, March 24th. Guggenheim reiterated a “neutral” rating and set a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Evercore ISI increased their target price on CMS Energy from $73.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, April 28th. Scotiabank restated an “outperform” rating and set a $81.00 price objective (up previously from $77.00) on shares of CMS Energy in a report on Friday, April 25th. Finally, Wells Fargo & Company raised their price objective on CMS Energy from $78.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.25.

CMS Energy Trading Down 0.5%

NYSE:CMS opened at $68.87 on Thursday. The business’s 50-day moving average is $72.70 and its two-hundred day moving average is $69.81. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a 12 month low of $58.50 and a 12 month high of $76.45. The firm has a market capitalization of $20.60 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.03). CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, May 9th. CMS Energy’s dividend payout ratio (DPR) is presently 64.39%.

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.