Czech National Bank Grows Stock Position in CMS Energy Co. (NYSE:CMS)

Czech National Bank boosted its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,783 shares of the utilities provider's stock after buying an additional 3,929 shares during the quarter. Czech National Bank's holdings in CMS Energy were worth $4,318,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its position in shares of CMS Energy by 171.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 275 shares during the period. Brooklyn Investment Group bought a new position in CMS Energy during the third quarter valued at $40,000. Covestor Ltd grew its holdings in CMS Energy by 206.1% during the third quarter. Covestor Ltd now owns 701 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 472 shares during the period. Values First Advisors Inc. purchased a new stake in CMS Energy in the third quarter worth $56,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock valued at $56,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

CMS Energy Price Performance

Shares of CMS traded up $1.38 during trading hours on Thursday, reaching $67.99. 1,983,212 shares of the company's stock traded hands, compared to its average volume of 1,706,421. CMS Energy Co. has a 12 month low of $55.10 and a 12 month high of $72.40. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The stock has a market cap of $20.31 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.41 and a beta of 0.42. The firm's 50 day simple moving average is $67.38 and its 200-day simple moving average is $67.08.

CMS Energy (NYSE:CMS - Get Free Report) last announced its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. CMS Energy's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Equities analysts expect that CMS Energy Co. will post 3.33 EPS for the current 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 paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a boost from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's dividend payout ratio is currently 58.86%.

Insider Buying and Selling at CMS Energy

In other news, CAO Scott B. Mcintosh sold 936 shares of the 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 transaction, the chief accounting officer now directly owns 24,417 shares in the company, 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 can be accessed through this link. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.22, for a total value of $134,440.00. Following the completion of the sale, the senior vice president now owns 63,197 shares of the company's stock, valued at $4,248,102.34. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,686 shares of company stock worth $2,228,084 over the last 90 days. Corporate insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday. BMO Capital Markets cut their price objective on shares of CMS Energy from $77.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, November 1st. KeyCorp boosted their target price on shares of CMS Energy from $73.00 to $76.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Barclays increased their target price on CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.36.

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.