iA Global Asset Management Inc. Boosts Stock Position in CMS Energy Co. (NYSE:CMS)

iA Global Asset Management Inc. raised its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,598,991 shares of the utilities provider's stock after purchasing an additional 46,259 shares during the period. CMS Energy accounts for about 1.9% of iA Global Asset Management Inc.'s portfolio, making the stock its 12th biggest position. iA Global Asset Management Inc. owned about 0.54% of CMS Energy worth $106,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CMS. Pallas Capital Advisors LLC grew its holdings in CMS Energy by 4.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 4,459 shares of the utilities provider's stock worth $297,000 after acquiring an additional 173 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of CMS Energy by 5.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,625 shares of the utilities provider's stock worth $256,000 after purchasing an additional 187 shares during the period. Horizon Kinetics Asset Management LLC boosted its stake in shares of CMS Energy by 1.3% during the third quarter. Horizon Kinetics Asset Management LLC now owns 15,675 shares of the utilities provider's stock valued at $1,107,000 after purchasing an additional 200 shares in the last quarter. Private Trust Co. NA increased its holdings in CMS Energy by 25.6% during the third quarter. Private Trust Co. NA now owns 982 shares of the utilities provider's stock valued at $69,000 after buying an additional 200 shares during the period. Finally, Mather Group LLC. increased its holdings in CMS Energy by 5.8% during the fourth quarter. Mather Group LLC. now owns 3,996 shares of the utilities provider's stock valued at $266,000 after buying an additional 220 shares during the period. 93.57% of the stock is owned by institutional investors.

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CMS Energy Stock Performance

Shares of NYSE:CMS traded down $0.34 on Monday, hitting $73.17. 3,677,849 shares of the company were exchanged, compared to its average volume of 2,141,322. The firm has a market capitalization of $21.86 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $75.06. The stock's 50 day moving average price is $69.98 and its 200 day moving average price is $69.15.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.02% and a net margin of 13.35%. Sell-side analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were issued a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio is 65.36%.

Insiders Place Their Bets

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was 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 represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares in the company, valued at $2,709,093.60. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMS. UBS Group increased their target price on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday. BMO Capital Markets raised their price objective on CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday. Guggenheim reiterated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Scotiabank raised their price target 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, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective 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 seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $75.36.

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.