Aigen Investment Management LP bought a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,516 shares of the utilities provider's stock, valued at approximately $368,000.
Other hedge funds also recently bought and sold shares of the company. Smith Group Asset Management LLC purchased a new position in CMS Energy during the fourth quarter worth about $333,000. Meeder Advisory Services Inc. boosted its stake in shares of CMS Energy by 10.6% in the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock valued at $842,000 after purchasing an additional 1,147 shares during the period. Mizuho Securities USA LLC boosted its stake in shares of CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock valued at $18,075,000 after purchasing an additional 228,501 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after purchasing an additional 719,093 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock valued at $1,342,000 after purchasing an additional 5,662 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CMS. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Scotiabank raised their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Guggenheim reissued a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research note on Friday, February 7th. Finally, Morgan Stanley lowered their price objective on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.42.
Read Our Latest Research Report on CMS Energy
Insiders Place Their Bets
In other CMS Energy news, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the sale, the director now owns 144,059 shares of the company's stock, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the transaction, the senior vice president now directly owns 63,197 shares in the company, valued at $4,248,102.34. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,950 shares of company stock valued at $2,817,160. 0.40% of the stock is owned by corporate insiders.
CMS Energy Stock Up 2.1 %
CMS stock traded up $1.48 during midday trading on Friday, reaching $73.12. 3,049,425 shares of the company were exchanged, compared to its average volume of 2,284,112. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The stock's 50-day simple moving average is $68.46 and its 200 day simple moving average is $68.74. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.
CMS Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.97%. This is a boost from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.
CMS Energy Profile
(
Free Report)
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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