Korea Investment CORP Has $12.46 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Korea Investment CORP lessened its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,976 shares of the utilities provider's stock after selling 80,700 shares during the period. Korea Investment CORP owned about 0.06% of CMS Energy worth $12,462,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fisher Funds Management LTD acquired a new stake in shares of CMS Energy during the fourth quarter valued at approximately $53,904,000. Prudential Financial Inc. grew its position in CMS Energy by 207.9% during the 4th quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock worth $74,350,000 after purchasing an additional 753,182 shares in the last quarter. National Bank of Canada FI raised its stake in CMS Energy by 404.8% during the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock valued at $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of CMS Energy by 760.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock valued at $46,664,000 after purchasing an additional 618,767 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of CMS Energy by 1,122.4% in the third quarter. Janus Henderson Group PLC now owns 479,203 shares of the utilities provider's stock worth $33,845,000 after buying an additional 440,000 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

CMS has been the topic of several recent analyst reports. Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Bank of America boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Finally, Guggenheim restated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $75.36.

Insider Buying and Selling

In other news, Director Laura Wright sold 2,500 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the transaction, the director now owns 38,790 shares of the company's stock, valued at approximately $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,200 shares of company stock valued at $789,532. Insiders own 0.40% of the company's stock.

CMS Energy Stock Down 3.6 %

CMS Energy stock traded down $2.70 during mid-day trading on Friday, hitting $72.81. 4,394,563 shares of the company's stock were exchanged, compared to its average volume of 2,239,459. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $76.52. The stock has a 50 day moving average of $71.24 and a two-hundred day moving average of $69.44. The stock has a market cap of $21.76 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate 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, analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a $0.5425 dividend. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is currently 65.36%.

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.