National Pension Service Has $26.05 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

National Pension Service decreased its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 390,766 shares of the utilities provider's stock after selling 46,409 shares during the period. National Pension Service owned about 0.13% of CMS Energy worth $26,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CMS. US Bancorp DE boosted its stake in shares of CMS Energy by 0.8% during the 3rd quarter. US Bancorp DE now owns 238,490 shares of the utilities provider's stock valued at $16,845,000 after buying an additional 1,853 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in CMS Energy in the third quarter valued at $218,000. Farther Finance Advisors LLC boosted its stake in CMS Energy by 32.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,424 shares of the utilities provider's stock valued at $101,000 after acquiring an additional 348 shares during the last quarter. Van ECK Associates Corp grew its holdings in CMS Energy by 3.4% during the 3rd quarter. Van ECK Associates Corp now owns 82,429 shares of the utilities provider's stock worth $5,943,000 after acquiring an additional 2,675 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in CMS Energy during the 3rd quarter worth $5,153,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMS. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Jefferies Financial Group assumed coverage on shares of CMS Energy in a report on Tuesday, November 5th. They issued a "buy" rating and a $76.00 price objective for the company. Guggenheim reissued a "neutral" rating and set a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Morgan Stanley decreased their price target on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Finally, Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $75.00 in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.42.

Remove Ads

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.22, for a total transaction of $134,440.00. Following the completion of the transaction, the senior vice president now owns 63,197 shares of the company's stock, valued at $4,248,102.34. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,950 shares of company stock valued at $2,817,160. Company insiders own 0.40% of the company's stock.

CMS Energy Stock Performance

CMS stock traded down $0.41 on Wednesday, reaching $72.46. The company's stock had a trading volume of 2,031,930 shares, compared to its average volume of 2,267,305. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06. 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 company has a market capitalization of $21.65 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The firm has a fifty day moving average of $68.25 and a two-hundred day moving average of $68.66.

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, 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, analysts predict that CMS Energy Co. will post 3.59 EPS 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 dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. CMS Energy's payout ratio is 65.36%.

CMS Energy 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.