Massachusetts Financial Services Co. MA Has $649.26 Million Stock Position in CMS Energy Co. (NYSE:CMS)

Massachusetts Financial Services Co. MA grew its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,741,389 shares of the utilities provider's stock after acquiring an additional 2,131,269 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.26% of CMS Energy worth $649,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in CMS Energy by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock valued at $505,869,000 after purchasing an additional 98,910 shares during the period. HighPoint Advisor Group LLC boosted its stake in CMS Energy by 6.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,830 shares of the utilities provider's stock worth $335,000 after buying an additional 310 shares during the period. Alliancebernstein L.P. raised its stake in shares of CMS Energy by 0.4% in the 4th quarter. Alliancebernstein L.P. now owns 341,982 shares of the utilities provider's stock valued at $22,793,000 after acquiring an additional 1,408 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in CMS Energy by 16.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,880 shares of the utilities provider's stock valued at $1,325,000 after acquiring an additional 2,857 shares during the period. Finally, California Public Employees Retirement System increased its stake in CMS Energy by 1.8% during the fourth quarter. California Public Employees Retirement System now owns 1,374,324 shares of the utilities provider's stock worth $91,599,000 after purchasing an additional 24,399 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

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CMS Energy Trading Down 2.2 %

Shares of CMS traded down $1.63 during mid-day trading on Monday, reaching $71.06. The company had a trading volume of 1,296,142 shares, compared to its average volume of 2,233,979. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $76.45. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80. The firm has a fifty day simple moving average of $71.24 and a 200-day simple moving average of $69.43.

CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a yield of 3.05%. 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 dividend payout ratio (DPR) is 65.36%.

Analyst Ratings Changes

Several research firms have recently issued reports on CMS. StockNews.com cut CMS Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Bank of America upped their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a report on Monday, March 24th. Scotiabank upped their price objective 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. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Finally, BMO Capital Markets upped their price objective on CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.36.

Insider Activity

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $5,306,349.87. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $467,392.00. Following the completion of the sale, the chief accounting officer now directly owns 21,643 shares of the company's stock, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by insiders.

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.