KLP Kapitalforvaltning AS Takes $8.84 Million Position in CMS Energy Co. (NYSE:CMS)

KLP Kapitalforvaltning AS acquired a new stake in CMS Energy Co. (NYSE:CMS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 132,600 shares of the utilities provider's stock, valued at approximately $8,838,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMS. Smith Group Asset Management LLC acquired a new stake in CMS Energy during the fourth quarter worth approximately $333,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of CMS Energy by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after purchasing an additional 5,662 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of CMS Energy by 0.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock worth $5,103,000 after purchasing an additional 392 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in CMS Energy by 49.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock valued at $1,787,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its position in CMS Energy by 2.7% during the fourth quarter. Hennessy Advisors Inc. now owns 170,698 shares of the utilities provider's stock worth $11,377,000 after purchasing an additional 4,500 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

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Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, the senior vice president now directly owns 71,931 shares of the company's stock, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Laura Wright sold 2,500 shares of CMS Energy 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 transaction, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,200 shares of company stock valued at $789,532. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

CMS has been the topic of several recent analyst reports. UBS Group raised their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets boosted their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday. Guggenheim reaffirmed a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Barclays upgraded 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 research note on Thursday, February 20th. Finally, Scotiabank raised their price objective 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. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $75.36.

CMS Energy Trading Up 1.4 %

NYSE CMS traded up $1.03 during trading hours on Friday, reaching $74.18. The company's stock had a trading volume of 2,717,818 shares, compared to its average volume of 2,229,385. The firm has a fifty day simple moving average of $70.47 and a 200-day simple moving average of $69.27. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06. The stock has a market cap of $22.16 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. Equities analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is 65.36%.

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.