Natixis Advisors LLC lifted its position in CMS Energy Co. (NYSE:CMS - Free Report) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,961 shares of the utilities provider's stock after purchasing an additional 21,515 shares during the period. Natixis Advisors LLC owned 0.07% of CMS Energy worth $13,994,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of CMS. Massachusetts Financial Services Co. MA grew its position 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 purchasing an additional 719,093 shares during the period. Geode Capital Management LLC grew its position in CMS Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider's stock worth $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CMS Energy by 0.9% during the 3rd 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 worth $152,267,000 after purchasing an additional 18,403 shares during the period. Charles Schwab Investment Management Inc. grew its position in CMS Energy by 3.1% during 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 period. Finally, Truist Financial Corp grew its position 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 purchasing an additional 147,540 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.
Insider Activity at CMS Energy
In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business's stock in a transaction 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 sale, the chief accounting officer now owns 21,643 shares of the company's stock, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brandon J. Hofmeister sold 2,000 shares of CMS Energy stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total transaction of $147,540.00. Following the transaction, the senior vice president now directly owns 71,931 shares of the company's stock, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,200 shares of company stock worth $789,532 in the last quarter. 0.40% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $75.00 in a research note on Thursday, February 20th. Guggenheim reissued a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a research note on Friday, February 7th. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group raised their price target on shares of CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Scotiabank lifted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.36.
Check Out Our Latest Report on CMS Energy
CMS Energy Stock Down 0.3 %
NYSE CMS traded down $0.21 on Friday, reaching $73.49. The company had a trading volume of 4,949,651 shares, compared to its average volume of 2,135,104. The firm has a market capitalization of $21.96 billion, a PE 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 firm has a 50-day moving average of $69.81 and a 200-day moving average of $69.12. CMS Energy Co. has a 1 year low of $56.61 and a 1 year high of $75.06.
CMS Energy (NYSE:CMS - Get Free Report) last posted 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 return on equity of 12.02% and a net margin of 13.35%. On average, equities research analysts anticipate 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. Investors of record on Monday, February 17th were given a $0.5425 dividend. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.95%. CMS Energy's dividend payout ratio (DPR) is 65.36%.
CMS Energy Profile
(
Free Report)
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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