Cibc World Markets Corp Boosts Stake in CMS Energy Co. (NYSE:CMS)

Cibc World Markets Corp grew its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 16.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 47,160 shares of the utilities provider's stock after acquiring an additional 6,624 shares during the quarter. Cibc World Markets Corp's holdings in CMS Energy were worth $3,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BankPlus Trust Department bought a new position in CMS Energy during the fourth quarter valued at $29,000. First Horizon Advisors Inc. lifted its holdings in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 275 shares during the last quarter. Richardson Financial Services Inc. grew its position in CMS Energy by 106.8% in the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after acquiring an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new stake in CMS Energy during the third quarter worth approximately $40,000. Finally, Larson Financial Group LLC raised its position in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 696 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

CMS Energy Stock Performance

CMS Energy stock traded down $1.06 during mid-day trading on Tuesday, reaching $72.08. 2,271,302 shares of the company traded hands, compared to its average volume of 2,139,808. The firm's fifty day moving average is $69.98 and its two-hundred day moving average is $69.15. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

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CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (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, equities research analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed 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 represents a $2.17 annualized dividend and a yield of 3.01%. This is a boost from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy's payout ratio is presently 65.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Barclays upgraded 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 report on Thursday, February 20th. UBS Group boosted their price objective on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday. Guggenheim reaffirmed a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Finally, Bank of America lifted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $75.36.

Insider Transactions at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

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.