PGGM Investments Acquires New Position in CMS Energy Co. (NYSE:CMS)

PGGM Investments acquired a new stake in CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,013 shares of the utilities provider's stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Achmea Investment Management B.V. lifted its stake in shares of CMS Energy by 11.6% in the 4th quarter. Achmea Investment Management B.V. now owns 27,702 shares of the utilities provider's stock valued at $1,846,000 after purchasing an additional 2,882 shares during the last quarter. Vestcor Inc lifted its stake in shares of CMS Energy by 66.7% in the 4th quarter. Vestcor Inc now owns 15,007 shares of the utilities provider's stock valued at $1,000,000 after purchasing an additional 6,003 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CMS Energy in the 4th quarter valued at $989,000. Sequoia Financial Advisors LLC lifted its stake in shares of CMS Energy by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,407 shares of the utilities provider's stock valued at $694,000 after purchasing an additional 393 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of CMS Energy by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 94,032 shares of the utilities provider's stock valued at $6,267,000 after purchasing an additional 2,445 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Transactions at CMS Energy

In other news, CAO Scott B. Mcintosh sold 6,700 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction of $467,392.00. Following the transaction, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. This represents a 23.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Russell sold 28,750 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now owns 144,059 shares in the company, valued at $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. Over the last three months, insiders have sold 39,950 shares of company stock worth $2,682,720. Corporate insiders own 0.40% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Morgan Stanley cut their target price on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. StockNews.com upgraded shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Guggenheim restated a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Finally, Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.00.

CMS Energy Price Performance

NYSE CMS traded up $0.20 on Tuesday, reaching $73.46. The company's stock had a trading volume of 1,837,051 shares, compared to its average volume of 2,279,432. 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 market cap of $21.95 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $75.06. The business has a 50-day moving average price of $69.19 and a 200 day moving average price of $68.97.

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

CMS Energy Increases Dividend

The company 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 annualized dividend and a yield of 2.95%. This is a boost from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy's dividend payout ratio is currently 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.