Janus Henderson Group PLC Boosts Holdings in CMS Energy Co. (NYSE:CMS)

Janus Henderson Group PLC raised its position in CMS Energy Co. (NYSE:CMS - Free Report) by 1,122.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 479,203 shares of the utilities provider's stock after buying an additional 440,000 shares during the period. Janus Henderson Group PLC owned about 0.16% of CMS Energy worth $33,845,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMS. Massachusetts Financial Services Co. MA raised its holdings in CMS Energy by 101.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider's stock worth $410,223,000 after purchasing an additional 3,473,977 shares during the period. Raymond James & Associates lifted its position in shares of CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock valued at $79,519,000 after buying an additional 851,364 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of CMS Energy by 105.9% during the 2nd quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider's stock valued at $92,623,000 after buying an additional 800,344 shares in the last quarter. Railway Pension Investments Ltd acquired a new stake in CMS Energy in the 2nd quarter valued at $47,082,000. Finally, Rockefeller Capital Management L.P. increased its holdings in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock worth $39,978,000 after acquiring an additional 479,336 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Trading Down 0.3 %

CMS stock traded down $0.21 during trading on Friday, reaching $67.17. 3,485,140 shares of the stock were exchanged, compared to its average volume of 2,180,001. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.69 and a beta of 0.41. The business has a 50 day moving average price of $69.50 and a 200-day moving average price of $65.93. CMS Energy Co. has a 1 year low of $55.10 and a 1 year high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. On average, research analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, November 13th. CMS Energy's dividend payout ratio (DPR) is presently 58.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CMS shares. BMO Capital Markets dropped their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group started coverage on CMS Energy in a research note on Tuesday, November 5th. They set a "buy" rating and a $76.00 price objective for the company. StockNews.com downgraded CMS Energy from a "hold" rating to a "sell" rating in a research report on Thursday, November 28th. Wells Fargo & Company boosted their price target on CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, KeyCorp raised their price objective on CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.21.

Insider Activity at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the sale, the senior vice president now owns 64,771 shares in the company, valued at approximately $4,415,439.07. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

About CMS Energy

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.