Commerzbank Aktiengesellschaft FI Takes $238,000 Position in CMS Energy Co. (NYSE:CMS)

Commerzbank Aktiengesellschaft FI acquired a new position in CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,566 shares of the utilities provider's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CMS. Bahl & Gaynor Inc. increased its stake in CMS Energy by 6.3% in the 4th quarter. Bahl & Gaynor Inc. now owns 589,734 shares of the utilities provider's stock worth $39,306,000 after buying an additional 35,212 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CMS Energy by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,879,271 shares of the utilities provider's stock worth $125,253,000 after purchasing an additional 56,882 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of CMS Energy by 129.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,404 shares of the utilities provider's stock worth $94,000 after purchasing an additional 792 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in CMS Energy by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 12,426 shares of the utilities provider's stock valued at $828,000 after purchasing an additional 1,166 shares during the period. Finally, SVB Wealth LLC purchased a new position in CMS Energy in the 4th quarter worth approximately $366,000. 93.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now owns 71,931 shares in the company, valued at $5,306,349.87. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Russell sold 28,750 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 144,059 shares of the company's stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,950 shares of company stock worth $2,817,160 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

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CMS Energy Stock Performance

NYSE CMS traded up $1.48 during mid-day trading on Friday, reaching $73.12. 3,049,425 shares of the stock were exchanged, compared to its average volume of 2,284,112. The company has a market capitalization of $21.85 billion, a P/E ratio of 22.02, 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 business's 50 day moving average is $68.46 and its 200-day moving average is $68.74. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06.

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 (EPS) for the quarter, topping the consensus estimate 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, equities research analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were issued a $0.5425 dividend. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is presently 65.36%.

Wall Street Analyst Weigh In

CMS has been the topic of several recent analyst reports. Guggenheim reiterated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Morgan Stanley reduced their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. 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. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $72.42.

CMS Energy 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.