Geode Capital Management LLC Increases Stock Position in CMS Energy Co. (NYSE:CMS)

Geode Capital Management LLC grew its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,608,680 shares of the utilities provider's stock after acquiring an additional 98,910 shares during the quarter. Geode Capital Management LLC owned about 2.55% of CMS Energy worth $505,869,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pallas Capital Advisors LLC grew its position in CMS Energy by 4.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock valued at $297,000 after buying an additional 173 shares during the period. Mather Group LLC. grew its position in shares of CMS Energy by 5.8% during the 4th quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock valued at $266,000 after acquiring an additional 220 shares during the period. Signaturefd LLC increased its stake in shares of CMS Energy by 4.9% in the 4th quarter. Signaturefd LLC now owns 4,752 shares of the utilities provider's stock worth $317,000 after purchasing an additional 220 shares in the last quarter. Stephens Consulting LLC increased its stake in shares of CMS Energy by 5.5% in the 4th quarter. Stephens Consulting LLC now owns 4,327 shares of the utilities provider's stock worth $288,000 after purchasing an additional 225 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after purchasing an additional 235 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Guggenheim restated a "neutral" rating and issued a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Scotiabank raised their target price 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. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group increased their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.36.

CMS Energy Price Performance

CMS Energy stock traded up $1.10 during midday trading on Wednesday, reaching $71.29. 4,262,273 shares of the stock traded hands, compared to its average volume of 2,258,737. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $76.45. The stock's fifty day moving average is $71.70 and its 200-day moving average is $69.47. The stock has a market cap of $21.30 billion, a P/E ratio of 21.47, a PEG ratio of 2.56 and a beta of 0.34.

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, 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, equities research analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 3.04%. This is a boost from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's payout ratio is presently 65.36%.

Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total transaction of $147,540.00. Following the completion of the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated 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 sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

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.