Epoch Investment Partners Inc. Has $12.18 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Epoch Investment Partners Inc. reduced its holdings in shares of CMS Energy Co. (NYSE:CMS – Get Rating) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,233 shares of the utilities provider’s stock after selling 2,290 shares during the quarter. Epoch Investment Partners Inc. owned 0.06% of CMS Energy worth $12,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in shares of CMS Energy by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,432 shares of the utilities provider’s stock valued at $3,280,000 after purchasing an additional 1,696 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of CMS Energy by 2.8% during the fourth quarter. Fifth Third Bancorp now owns 87,034 shares of the utilities provider’s stock valued at $5,662,000 after purchasing an additional 2,400 shares in the last quarter. Profund Advisors LLC lifted its position in shares of CMS Energy by 1.7% during the fourth quarter. Profund Advisors LLC now owns 12,470 shares of the utilities provider’s stock valued at $811,000 after purchasing an additional 212 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CMS Energy by 1.2% during the fourth quarter. JPMorgan Chase & Co. now owns 15,976,622 shares of the utilities provider’s stock valued at $1,039,277,000 after purchasing an additional 189,292 shares in the last quarter. Finally, Martingale Asset Management L P lifted its position in shares of CMS Energy by 12.4% during the third quarter. Martingale Asset Management L P now owns 455,266 shares of the utilities provider’s stock valued at $27,194,000 after purchasing an additional 50,176 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

NYSE CMS opened at $68.83 on Friday. The company’s 50 day moving average is $69.64 and its 200-day moving average is $65.39. CMS Energy Co. has a 12-month low of $57.92 and a 12-month high of $73.76. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.68. The firm has a market cap of $19.97 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 2.86 and a beta of 0.26.

CMS Energy (NYSE:CMS – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. CMS Energy had a net margin of 17.65% and a return on equity of 11.83%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities analysts expect that CMS Energy Co. will post 2.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 6th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.84 annualized dividend and a yield of 2.67%. CMS Energy’s dividend payout ratio is currently 39.48%.

In related news, SVP Dhenuvakonda Rao Venkat sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $69.20, for a total transaction of $69,200.00. Following the completion of the transaction, the senior vice president now owns 35,241 shares of the company’s stock, valued at $2,438,677.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Catherine A. Hendrian sold 6,521 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $66.09, for a total transaction of $430,972.89. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of CMS Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets raised their price target on shares of CMS Energy from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, March 8th. Credit Suisse Group started coverage on shares of CMS Energy in a research report on Monday, April 25th. They issued a “neutral” rating and a $76.00 price objective on the stock. Evercore ISI reaffirmed a “hold” rating and issued a $67.00 price objective on shares of CMS Energy in a research report on Friday, February 4th. Finally, Mizuho lifted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CMS Energy presently has a consensus rating of “Hold” and a consensus price target of $71.33.

CMS Energy Profile (Get Rating)

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.

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