Inceptionr LLC Takes Position in CMS Energy Co. (NYSE:CMS)

Inceptionr LLC acquired a new stake in shares of 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 firm acquired 17,876 shares of the utilities provider's stock, valued at approximately $1,191,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BankPlus Trust Department bought a new position in shares of CMS Energy during the fourth quarter valued at $29,000. First Horizon Advisors Inc. lifted its holdings in shares of CMS Energy by 171.9% during the third 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. Richardson Financial Services Inc. lifted its holdings in shares of CMS Energy by 106.8% during the fourth quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 235 shares during the period. Brooklyn Investment Group bought a new position in shares of CMS Energy during the third quarter valued at $40,000. Finally, Covestor Ltd lifted its holdings in shares of 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 acquiring an additional 472 shares during the period. 93.57% of the stock is owned by institutional investors.

Insider Transactions at CMS Energy

In other news, 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 completion of the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,950 shares of company stock worth $2,817,160. 0.40% of the stock is currently owned by company insiders.

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CMS Energy Trading Up 2.1 %

CMS stock traded up $1.48 during midday trading on Friday, reaching $73.12. The stock had a trading volume of 3,049,425 shares, compared to its average volume of 2,284,112. The business has a fifty day simple moving average of $68.46 and a two-hundred day simple moving average of $68.75. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a twelve month low of $56.61 and a twelve month high of $75.06.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts expect that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 17th were given a dividend of $0.5425 per share. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's payout ratio is presently 65.36%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CMS shares. Guggenheim restated a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Scotiabank raised their target price on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley lowered their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $72.42.

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.