Financiere des Professionnels Fonds d investissement inc. Grows Holdings in CMS Energy Co. (NYSE:CMS)

Financiere des Professionnels Fonds d investissement inc. boosted its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 38.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 147,960 shares of the utilities provider's stock after acquiring an additional 41,207 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in CMS Energy were worth $9,862,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CMS. Richardson Financial Services Inc. increased its stake in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares in the last quarter. First Horizon Advisors Inc. increased its stake in CMS Energy by 171.9% during the 3rd 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 position in shares of CMS Energy in the third quarter valued at approximately $40,000. Covestor Ltd boosted its stake in shares of CMS Energy by 206.1% in the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock worth $50,000 after acquiring an additional 472 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new position in CMS Energy in the 3rd quarter valued at $56,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

CMS Energy Trading Up 0.9 %

CMS Energy stock traded up $0.61 during trading on Thursday, hitting $70.76. The company had a trading volume of 2,145,260 shares, compared to its average volume of 2,198,893. CMS Energy Co. has a 1-year low of $56.31 and a 1-year high of $72.40. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The company's 50 day simple moving average is $67.07 and its 200-day simple moving average is $68.18. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42.

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%. As a group, analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The company also recently declared 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 represents a $2.17 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is 65.36%.

Analyst Ratings Changes

Several research analysts recently commented on the company. BMO Capital Markets reduced their price objective on CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Jefferies Financial Group began coverage on shares of CMS Energy in a research report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 target price for the company. Guggenheim reiterated a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, CMS Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the completion of the transaction, the chief accounting officer now owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John G. Russell sold 28,750 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now owns 144,059 shares of the company's stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,450 shares of company stock worth $2,495,020 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

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.