Edgestream Partners L.P. Grows Position in CMS Energy Co. (NYSE:CMS)

Edgestream Partners L.P. grew its position in CMS Energy Co. (NYSE:CMS - Free Report) by 103.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,335 shares of the utilities provider's stock after acquiring an additional 30,667 shares during the period. Edgestream Partners L.P.'s holdings in CMS Energy were worth $4,021,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. BankPlus Trust Department acquired a new position in shares of CMS Energy during the fourth quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its stake in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 235 shares during the last quarter. First Horizon Advisors Inc. grew its holdings 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 in the last quarter. Brooklyn Investment Group purchased a new stake in CMS Energy during the 3rd quarter valued at about $40,000. Finally, Covestor Ltd raised its holdings in CMS Energy by 206.1% in the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 472 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares in the company, valued at $4,248,102.34. This represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Russell sold 28,750 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now owns 144,059 shares in the company, valued at $9,486,285.15. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,950 shares of company stock worth $2,817,160 in the last ninety days. 0.53% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Scotiabank boosted their target price on CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley lowered their price objective on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.42.

CMS Energy Trading Down 1.3 %

Shares of CMS traded down $0.91 during midday trading on Wednesday, hitting $71.17. 2,364,126 shares of the stock were exchanged, compared to its average volume of 2,311,963. The firm has a market cap of $21.27 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. The stock has a fifty day simple moving average of $68.71 and a 200 day simple moving average of $68.84. CMS Energy Co. has a 52-week low of $56.61 and a 52-week high of $75.06.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is 65.36%.

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.