Miller Howard Investments Inc. NY lessened its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 563,806 shares of the utilities provider's stock after selling 91,252 shares during the period. Miller Howard Investments Inc. NY owned 0.19% of CMS Energy worth $37,578,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James & Associates lifted its stake in shares of CMS Energy by 310.2% during the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock worth $79,519,000 after acquiring an additional 851,364 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of CMS Energy by 10.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after purchasing an additional 719,093 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of CMS Energy by 404.8% during the third 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. grew 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 worth $46,664,000 after purchasing an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock worth $39,978,000 after buying an additional 479,336 shares during the period. 93.57% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other CMS Energy news, CAO Scott B. Mcintosh sold 936 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares in the company, valued at approximately $1,672,564.50. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was 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 of the company's stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,686 shares of company stock valued at $2,228,084. Insiders own 0.40% of the company's stock.
CMS Energy Stock Up 0.1 %
CMS traded up $0.07 during trading on Wednesday, hitting $69.52. The stock had a trading volume of 2,119,536 shares, compared to its average volume of 2,237,812. The stock has a 50 day simple moving average of $66.81 and a two-hundred day simple moving average of $68.02. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company has a market capitalization of $20.77 billion, a PE ratio of 20.94, a PEG ratio of 2.48 and a beta of 0.42.
CMS Energy (NYSE:CMS - Get Free Report) last announced 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%. On average, research analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.
CMS Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.12%. CMS Energy's dividend payout ratio (DPR) is 62.05%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CMS. Wells Fargo & Company upped their target price on shares of CMS Energy from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Morgan Stanley reduced their price objective on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Barclays upped their target price on CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Guggenheim restated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Finally, Scotiabank upped their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $71.15.
View Our Latest Stock Report on CMS Energy
About CMS Energy
(
Free Report)
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.
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