abrdn plc Boosts Stock Position in CMS Energy Co. (NYSE:CMS)

abrdn plc boosted its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 980,651 shares of the utilities provider's stock after purchasing an additional 12,550 shares during the quarter. abrdn plc owned about 0.33% of CMS Energy worth $65,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Richardson Financial Services Inc. increased its holdings in shares of 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. First Horizon Advisors Inc. boosted its position in shares of CMS Energy by 171.9% during the third quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after buying an additional 275 shares during the period. Brooklyn Investment Group acquired a new position in shares of CMS Energy during the third quarter worth about $40,000. Covestor Ltd boosted its position in shares of CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock worth $50,000 after buying an additional 472 shares during the period. Finally, Values First Advisors Inc. acquired a new position in CMS Energy during the third quarter valued at approximately $56,000. Institutional investors own 93.57% of the company's stock.

Insiders Place Their Bets

In other news, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares in the company, valued at $4,415,439.07. The trade was a 3.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,686 shares of company stock valued at $2,228,084. Corporate insiders own 0.40% of the company's stock.

CMS Energy Trading Up 0.5 %

Shares of CMS stock traded up $0.36 during mid-day trading on Friday, hitting $68.69. The company's stock had a trading volume of 2,904,259 shares, compared to its average volume of 2,324,937. The company's fifty day simple moving average is $66.77 and its 200-day simple moving average is $67.85. CMS Energy Co. has a 52 week low of $55.10 and a 52 week high of $72.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. The company has a market cap of $20.52 billion, a PE ratio of 20.69, a P/E/G ratio of 2.48 and a beta of 0.42.

CMS Energy (NYSE:CMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.87 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%. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 17th will be issued a dividend of $0.5425 per share. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 14th. CMS Energy's payout ratio is currently 62.05%.

Wall Street Analysts Forecast Growth

CMS has been the subject of several recent research reports. Morgan Stanley reduced their price target on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Guggenheim reissued a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday. Wells Fargo & Company raised their price objective on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Mizuho cut CMS Energy from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $76.00 to $72.00 in a research report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.15.

About CMS Energy

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.