Intact Investment Management Inc. Has $6.38 Million Stake in CMS Energy Co. (NYSE:CMS)

Intact Investment Management Inc. lifted its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 31.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 95,700 shares of the utilities provider's stock after purchasing an additional 22,740 shares during the period. Intact Investment Management Inc.'s holdings in CMS Energy were worth $6,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMS. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 10.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after acquiring an additional 719,093 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CMS Energy by 1.4% during the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider's stock valued at $528,713,000 after purchasing an additional 105,062 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CMS Energy by 0.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider's stock valued at $152,267,000 after purchasing an additional 18,403 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in CMS Energy by 3.1% in the 4th 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 during the last quarter. Finally, Truist Financial Corp lifted its holdings in CMS Energy by 10.0% during the 4th quarter. Truist Financial Corp now owns 1,621,562 shares of the utilities provider's stock worth $108,077,000 after buying an additional 147,540 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several equities research analysts have recently commented on CMS shares. StockNews.com raised CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Barclays upgraded 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. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Guggenheim reiterated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Finally, Morgan Stanley cut their price objective 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $73.00.

CMS Energy Trading Up 0.3 %

Shares of NYSE CMS traded up $0.20 during midday trading on Tuesday, reaching $73.46. 1,837,051 shares of the stock were exchanged, compared to its average volume of 2,139,364. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 22.13, 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 current ratio of 0.79 and a quick ratio of 0.57. The business has a 50-day simple moving average of $69.19 and a two-hundred day simple moving average of $68.97.

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, topping the consensus estimate 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, equities research analysts expect 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. Shareholders of record on Monday, February 17th were issued a dividend of $0.5425 per share. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio (DPR) is 65.36%.

Insider Buying and Selling at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of the business's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $65.85, for a total value of $1,893,187.50. Following the sale, the director now directly owns 144,059 shares of the company's stock, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction 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 transaction, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,950 shares of company stock valued at $2,682,720. 0.40% of the stock is currently owned by corporate insiders.

CMS Energy Company 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.