Norges Bank Makes New $171.80 Million Investment in CMS Energy Co. (NYSE:CMS)

Norges Bank bought a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,577,617 shares of the utilities provider's stock, valued at approximately $171,798,000. Norges Bank owned 0.86% of CMS Energy at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NEOS Investment Management LLC boosted its stake in CMS Energy by 30.3% during the fourth quarter. NEOS Investment Management LLC now owns 16,043 shares of the utilities provider's stock worth $1,069,000 after buying an additional 3,730 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of CMS Energy by 0.9% during the fourth quarter. UniSuper Management Pty Ltd now owns 802,890 shares of the utilities provider's stock worth $53,513,000 after buying an additional 7,544 shares during the period. Moment Partners LLC acquired a new stake in shares of CMS Energy in the fourth quarter valued at $324,000. Elo Mutual Pension Insurance Co raised its holdings in shares of CMS Energy by 19.9% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 31,793 shares of the utilities provider's stock valued at $2,119,000 after buying an additional 5,266 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CMS Energy by 10.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478,444 shares of the utilities provider's stock worth $31,869,000 after acquiring an additional 46,269 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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CMS Energy Stock Performance

CMS stock traded down $2.70 during trading on Friday, hitting $72.81. The company had a trading volume of 4,394,563 shares, compared to its average volume of 2,239,459. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $76.52. The firm has a 50-day moving average price of $71.24 and a 200-day moving average price of $69.44. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market cap of $21.76 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a $0.5425 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.98%. CMS Energy's payout ratio is 65.36%.

Insider Buying and Selling

In other news, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock valued at $789,532 over the last quarter. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMS. BMO Capital Markets increased their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. UBS Group raised their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a research note on Wednesday. Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $75.36.

CMS Energy Company 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.