Andra AP fonden Makes New Investment in CMS Energy Co. (NYSE:CMS)

Andra AP fonden bought a new stake in CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 119,400 shares of the utilities provider's stock, valued at approximately $7,958,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMS. Fisher Funds Management LTD acquired a new position in CMS Energy in the fourth quarter valued at $53,904,000. Massachusetts Financial Services Co. MA lifted its stake in shares of CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after purchasing an additional 719,093 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of CMS Energy by 404.8% during the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock worth $63,053,000 after purchasing an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of CMS Energy by 760.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after purchasing an additional 618,767 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of CMS Energy by 552.9% during the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock worth $39,978,000 after purchasing an additional 479,336 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have commented on CMS. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Morgan Stanley dropped their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Scotiabank lifted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, CMS Energy presently has a consensus rating of "Moderate Buy" and an average price target of $72.42.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total value of $174,600.00. Following the completion of the sale, the director now owns 38,790 shares of the company's stock, valued at $2,709,093.60. The trade was a 6.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,950 shares of company stock worth $2,817,160. Insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

CMS stock traded up $1.48 on Friday, reaching $73.12. The company's stock had a trading volume of 3,049,425 shares, compared to its average volume of 2,284,112. The firm has a fifty day moving average of $68.46 and a two-hundred day moving average of $68.74. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company has a market capitalization of $21.85 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. As a group, analysts predict that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

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.