Charles Schwab Investment Management Inc. Has $128.72 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Charles Schwab Investment Management Inc. lifted its holdings in CMS Energy Co. (NYSE:CMS) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,822,389 shares of the utilities provider’s stock after buying an additional 25,196 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CMS Energy were worth $128,715,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Lazard Asset Management LLC lifted its position in shares of CMS Energy by 48,203.8% in the first quarter. Lazard Asset Management LLC now owns 50,719 shares of the utilities provider’s stock worth $3,059,000 after buying an additional 50,614 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in CMS Energy by 79.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider’s stock worth $43,569,000 after purchasing an additional 325,101 shares during the last quarter. Bayesian Capital Management LP boosted its position in CMS Energy by 402.6% during the first quarter. Bayesian Capital Management LP now owns 19,600 shares of the utilities provider’s stock worth $1,183,000 after purchasing an additional 15,700 shares during the period. Cetera Investment Advisers grew its holdings in CMS Energy by 325.4% during the first quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider’s stock valued at $1,582,000 after purchasing an additional 20,056 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CMS Energy by 46.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,332,892 shares of the utilities provider’s stock valued at $79,275,000 after purchasing an additional 421,059 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CMS shares. Bank of America upped their price objective on shares of CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. StockNews.com downgraded CMS Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. BMO Capital Markets cut their price objective on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays increased their target price on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, CMS Energy currently has a consensus rating of “Moderate Buy” and an average target price of $70.21.

Insider Transactions at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

CMS Energy Stock Up 0.2 %

Shares of CMS stock opened at $69.66 on Tuesday. CMS Energy Co. has a one year low of $55.10 and a one year high of $72.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a fifty day moving average price of $69.70 and a 200 day moving average price of $65.57. The stock has a market cap of $20.81 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41.

CMS Energy (NYSE:CMS) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Analysts predict that CMS Energy Co. will post 3.33 earnings per share for the current year.

CMS Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.515 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s dividend payout ratio is currently 58.86%.

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.