Assetmark Inc. boosted its position in CMS Energy Co. (NYSE:CMS - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,891 shares of the utilities provider's stock after buying an additional 5,715 shares during the quarter. Assetmark Inc.'s holdings in CMS Energy were worth $5,925,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC acquired a new stake in shares of CMS Energy during the fourth quarter worth approximately $333,000. Meeder Advisory Services Inc. grew its holdings in CMS Energy by 10.6% during the 3rd quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock worth $842,000 after acquiring an additional 1,147 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of CMS Energy by 992.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock worth $18,075,000 after purchasing an additional 228,501 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of CMS Energy by 10.4% in the 3rd 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 in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of CMS Energy by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after purchasing an additional 5,662 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on CMS shares. Scotiabank upped their price objective on 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 CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Finally, Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $72.42.
Read Our Latest Stock Report on CMS
CMS Energy Price Performance
Shares of NYSE:CMS traded up $1.48 during trading on Friday, reaching $73.12. The company had a trading volume of 3,049,425 shares, compared to its average volume of 2,284,112. The firm's fifty day moving average is $68.46 and its 200 day moving average is $68.74. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market capitalization of $21.85 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a twelve month low of $56.61 and a twelve month 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%. On average, equities analysts forecast that CMS Energy Co. will post 3.59 EPS for the current year.
CMS Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.97%. CMS Energy's payout ratio is 65.36%.
Insider Buying and Selling at CMS Energy
In related news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,950 shares of company stock valued at $2,817,160. 0.40% of the stock is owned by insiders.
About CMS Energy
(
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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