Mariner LLC Acquires 4,978 Shares of CMS Energy Co. (NYSE:CMS)

Mariner LLC boosted its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,738 shares of the utilities provider's stock after acquiring an additional 4,978 shares during the period. Mariner LLC's holdings in CMS Energy were worth $2,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of CMS Energy in the 4th quarter worth approximately $171,798,000. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 28.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock worth $649,264,000 after acquiring an additional 2,131,269 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in shares of CMS Energy in the fourth quarter worth $53,904,000. Prudential Financial Inc. increased its holdings in shares of CMS Energy by 207.9% during the fourth quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider's stock valued at $74,350,000 after acquiring an additional 753,182 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after purchasing an additional 618,767 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In other CMS Energy news, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $69.76, for a total value of $467,392.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at $1,509,815.68. This represents a 23.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction 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 trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,200 shares of company stock valued at $789,532 over the last three months. Corporate insiders own 0.40% of the company's stock.

CMS Energy Trading Up 2.2 %

Shares of CMS stock opened at $73.71 on Wednesday. CMS Energy Co. has a 1 year low of $58.50 and a 1 year high of $76.45. The firm has a fifty day moving average price of $72.47 and a 200-day moving average price of $69.59. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.56 and a beta of 0.34. 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 (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%. As a group, equities analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5425 per share. This represents a $2.17 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, May 9th. CMS Energy's dividend payout ratio is currently 65.36%.

Analyst Upgrades and Downgrades

CMS has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Bank of America lifted their target price on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Guggenheim reaffirmed a "neutral" rating and set a $69.00 price target 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 objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Finally, Jefferies Financial Group raised their price target on shares of CMS Energy from $77.00 to $83.00 and gave the company a "buy" rating in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, CMS Energy presently has an average rating of "Hold" and an average price target of $75.73.

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.

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