NEOS Investment Management LLC Has $1.07 Million Stock Position in CMS Energy Co. (NYSE:CMS)

NEOS Investment Management LLC raised its stake in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,043 shares of the utilities provider's stock after purchasing an additional 3,730 shares during the period. NEOS Investment Management LLC's holdings in CMS Energy were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BankPlus Trust Department bought a new stake in CMS Energy during the fourth quarter valued at about $29,000. Richardson Financial Services Inc. grew its holdings in CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock valued at $30,000 after buying an additional 235 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of CMS Energy in the third quarter worth $40,000. Larson Financial Group LLC increased its position in CMS Energy by 2,900.0% during the fourth quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock worth $48,000 after acquiring an additional 696 shares during the period. Finally, Robbins Farley bought a new stake in CMS Energy in the 4th quarter valued at $62,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMS has been the topic of several recent research reports. Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, March 24th. UBS Group upped their target price 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. Scotiabank upped their price target on CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, Guggenheim reaffirmed a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $75.36.

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Insider Activity at CMS Energy

In other news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction on Thursday, February 13th. The shares were 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 of the company's stock, valued at $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. In the last 90 days, insiders have sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company's stock.

CMS Energy Trading Up 1.4 %

NYSE CMS traded up $1.05 during trading on Thursday, reaching $75.71. 958,547 shares of the stock traded hands, compared to its average volume of 2,231,127. The stock's 50-day moving average price is $70.91 and its 200 day moving average price is $69.38. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $76.37. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (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%. Analysts predict that CMS Energy Co. will post 3.59 EPS for the current year.

CMS Energy Increases Dividend

The business also recently disclosed 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 yield of 2.87%. This is a boost 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.