Geode Capital Management LLC Boosts Stock Position in CMS Energy Co. (NYSE:CMS)

Geode Capital Management LLC raised its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,509,770 shares of the utilities provider's stock after purchasing an additional 105,062 shares during the quarter. Geode Capital Management LLC owned 2.51% of CMS Energy worth $528,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in CMS Energy by 325.4% during the first quarter. Cetera Investment Advisers now owns 26,219 shares of the utilities provider's stock worth $1,582,000 after acquiring an additional 20,056 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CMS Energy by 36.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,261 shares of the utilities provider's stock valued at $1,385,000 after purchasing an additional 6,247 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of CMS Energy by 79.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 731,887 shares of the utilities provider's stock valued at $43,569,000 after purchasing an additional 325,101 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of CMS Energy by 12.8% in the second quarter. Blue Trust Inc. now owns 4,626 shares of the utilities provider's stock valued at $279,000 after purchasing an additional 524 shares during the period. Finally, Gradient Investments LLC grew its position in CMS Energy by 1,476.1% during the second quarter. Gradient Investments LLC now owns 1,718 shares of the utilities provider's stock worth $102,000 after buying an additional 1,609 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CMS. KeyCorp boosted their price target on CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 30th. Mizuho downgraded CMS Energy from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $76.00 to $72.00 in a research report on Tuesday, October 15th. Barclays raised their price target on CMS Energy from $65.00 to $68.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group assumed coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They set a "buy" rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, CMS Energy has an average rating of "Moderate Buy" and an average target price of $70.36.

Insider Buying and Selling at CMS Energy

In related news, CAO Scott B. Mcintosh sold 936 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at approximately $1,672,564.50. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the senior vice president now directly owns 64,771 shares in the company, valued at $4,415,439.07. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

CMS Energy Trading Up 0.4 %

NYSE CMS traded up $0.29 during trading hours on Friday, hitting $67.32. 1,946,564 shares of the company's stock were exchanged, compared to its average volume of 2,275,587. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market capitalization of $20.11 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.41. The business's 50 day moving average is $69.20 and its 200-day moving average is $66.06. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The business had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.515 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. This is a boost from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio (DPR) is presently 58.86%.

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.