CMS Energy Co. (NYSE:CMS) Shares Bought by Aviva PLC

Aviva PLC grew its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 623,267 shares of the utilities provider's stock after buying an additional 6,816 shares during the period. Aviva PLC owned 0.21% of CMS Energy worth $41,541,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Mizuho Bank Ltd. acquired a new stake in CMS Energy during the 4th quarter worth approximately $61,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of CMS Energy during the fourth quarter worth $6,903,000. Pitcairn Co. lifted its holdings in shares of CMS Energy by 21.8% during the fourth quarter. Pitcairn Co. now owns 5,300 shares of the utilities provider's stock worth $353,000 after purchasing an additional 948 shares during the period. ExodusPoint Capital Management LP grew its position in CMS Energy by 15.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,556,267 shares of the utilities provider's stock valued at $170,375,000 after buying an additional 343,677 shares during the last quarter. Finally, Huntington National Bank increased its stake in CMS Energy by 7.5% in the 4th quarter. Huntington National Bank now owns 12,519 shares of the utilities provider's stock valued at $834,000 after buying an additional 869 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Activity

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 over the last 90 days. Insiders own 0.40% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on CMS. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Thursday. 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 report on Monday, March 24th. Scotiabank raised their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Finally, Guggenheim restated a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $75.36.

CMS Energy Price Performance

Shares of NYSE CMS traded up $0.12 on Friday, hitting $71.67. The company's stock had a trading volume of 1,418,105 shares, compared to its average volume of 2,256,874. 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 stock has a 50 day moving average of $71.80 and a 200-day moving average of $69.48. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $76.45. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that CMS Energy Co. will post 3.59 EPS for the current 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 boost from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is currently 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.