Brooklyn FI LLC Makes New $308,000 Investment in CMS Energy Co. (NYSE:CMS)

Brooklyn FI LLC purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,480 shares of the utilities provider's stock, valued at approximately $308,000.

Other large investors have also modified their holdings of the company. Fisher Funds Management LTD acquired a new stake in shares of CMS Energy in the fourth quarter valued at approximately $53,904,000. Massachusetts Financial Services Co. MA increased its position in 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 acquiring an additional 719,093 shares during the period. National Bank of Canada FI raised its stake in CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock valued at $63,053,000 after acquiring an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in CMS Energy by 760.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after acquiring an additional 618,767 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of CMS Energy by 552.9% in the third quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock worth $39,978,000 after purchasing an additional 479,336 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

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Insider Activity at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was 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 in the company, valued at $1,509,815.68. This trade represents a 23.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company'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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. BMO Capital Markets upped their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday. Barclays upgraded 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. Scotiabank upped their target price on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Finally, Bank of America lifted their price target on CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.36.

CMS Energy Stock Down 0.5 %

CMS traded down $0.34 during trading on Monday, reaching $73.17. 3,677,849 shares of the stock traded hands, compared to its average volume of 2,141,322. The stock's 50-day simple moving average is $69.81 and its two-hundred day simple moving average is $69.12. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 22.04, 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 results 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 return on equity of 12.02% and a net margin of 13.35%. As a group, equities research analysts expect 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. Stockholders 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 dividend yield of 2.97%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. 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.