Cbre Investment Management Listed Real Assets LLC lifted its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,414,311 shares of the utilities provider's stock after buying an additional 211,167 shares during the period. CMS Energy comprises about 1.7% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 17th largest holding. Cbre Investment Management Listed Real Assets LLC owned 0.47% of CMS Energy worth $94,264,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its holdings in CMS Energy by 6.9% during the fourth quarter. Assetmark Inc. now owns 88,891 shares of the utilities provider's stock worth $5,925,000 after acquiring an additional 5,715 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in CMS Energy in the fourth quarter valued at approximately $238,000. Bahl & Gaynor Inc. raised its stake in CMS Energy by 6.3% in the fourth quarter. Bahl & Gaynor Inc. now owns 589,734 shares of the utilities provider's stock valued at $39,306,000 after buying an additional 35,212 shares during the period. Charles Schwab Investment Management Inc. raised its stake in CMS Energy by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider's stock valued at $125,253,000 after buying an additional 56,882 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in CMS Energy by 129.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,404 shares of the utilities provider's stock valued at $94,000 after buying an additional 792 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares in the company, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,950 shares of company stock worth $2,817,160 over the last 90 days. 0.40% of the stock is currently owned by insiders.
CMS Energy Price Performance
NYSE:CMS traded up $1.48 during midday trading on Friday, hitting $73.12. The company had a trading volume of 3,049,425 shares, compared to its average volume of 2,284,112. The stock's fifty day moving average price is $68.46 and its 200-day moving average price is $68.73. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06. The company has a market capitalization of $21.85 billion, a PE ratio of 22.02, a P/E/G ratio of 2.56 and a beta of 0.35.
CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. As a group, research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current year.
CMS Energy Increases Dividend
The company 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. This is a boost from CMS Energy's previous quarterly dividend of $0.52. 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%. CMS Energy's dividend payout ratio is presently 65.36%.
Analyst Ratings Changes
Several research firms have issued reports on CMS. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Morgan Stanley reduced their price target on 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. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Scotiabank increased their price target 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, 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.42.
Get Our Latest Research Report on CMS Energy
CMS Energy Company 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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