Allspring Global Investments Holdings LLC Purchases 61,542 Shares of CMS Energy Co. (NYSE:CMS)

Allspring Global Investments Holdings LLC boosted its position in CMS Energy Co. (NYSE:CMS - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,656 shares of the utilities provider's stock after buying an additional 61,542 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.10% of CMS Energy worth $20,801,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Savant Capital LLC bought a new stake in CMS Energy in the 4th quarter worth about $222,000. Empowered Funds LLC boosted its holdings in CMS Energy by 10.6% in the 4th quarter. Empowered Funds LLC now owns 5,562 shares of the utilities provider's stock worth $371,000 after buying an additional 534 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in CMS Energy by 5.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 8,810 shares of the utilities provider's stock worth $587,000 after buying an additional 464 shares during the period. Apollon Wealth Management LLC lifted its stake in CMS Energy by 19.1% in the 4th quarter. Apollon Wealth Management LLC now owns 4,109 shares of the utilities provider's stock worth $274,000 after purchasing an additional 659 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in CMS Energy by 4.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 755,162 shares of the utilities provider's stock worth $50,332,000 after purchasing an additional 32,474 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

CMS Energy Stock Performance

Shares of NYSE CMS traded up $0.61 during mid-day trading on Thursday, hitting $70.76. 2,145,260 shares of the company were exchanged, compared to its average volume of 2,198,439. 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 stock has a 50 day simple moving average of $67.07 and a 200-day simple moving average of $68.18. CMS Energy Co. has a 1-year low of $56.31 and a 1-year high of $72.40. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy's dividend payout ratio is presently 65.36%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of 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. Guggenheim reissued a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Jefferies Financial Group assumed coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price for the company. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, CMS Energy presently has an average rating of "Moderate Buy" and a consensus target price of $71.69.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, Director John G. Russell sold 28,750 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the sale, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This trade represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,450 shares of company stock valued at $2,495,020 in the last three months. Corporate insiders own 0.40% of the company's stock.

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.