Polymer Capital Management US LLC Acquires Shares of 40,000 CMS Energy Co. (NYSE:CMS)

Polymer Capital Management US LLC purchased a new position in shares of CMS Energy Co. (NYSE:CMS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,000 shares of the utilities provider's stock, valued at approximately $2,666,000.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of CMS Energy by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 854,716 shares of the utilities provider's stock worth $56,967,000 after purchasing an additional 15,918 shares in the last quarter. Aviva PLC raised its holdings in CMS Energy by 1.1% during the 4th quarter. Aviva PLC now owns 623,267 shares of the utilities provider's stock valued at $41,541,000 after acquiring an additional 6,816 shares during the period. Mizuho Bank Ltd. purchased a new stake in shares of CMS Energy during the fourth quarter worth $61,000. Resona Asset Management Co. Ltd. purchased a new position in shares of CMS Energy in the fourth quarter valued at $6,903,000. Finally, Pitcairn Co. raised its stake in shares of CMS Energy by 21.8% during the 4th quarter. Pitcairn Co. now owns 5,300 shares of the utilities provider's stock valued at $353,000 after purchasing an additional 948 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Buying and Selling at CMS Energy

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $73.77, for a total value of $147,540.00. Following the completion of the transaction, the senior vice president now owns 71,931 shares in the company, valued at approximately $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the firm's 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,200 shares of company stock valued at $789,532. 0.40% of the stock is currently owned by company insiders.

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CMS Energy Trading Up 0.3 %

CMS Energy stock traded up $0.21 during trading hours on Friday, reaching $71.76. The stock had a trading volume of 3,467,120 shares, compared to its average volume of 2,268,111. The company has a fifty day simple moving average of $71.91 and a 200-day simple moving average of $69.49. CMS Energy Co. has a 52 week low of $56.61 and a 52 week high of $76.45. The stock has a market cap of $21.44 billion, a PE ratio of 21.61, a PEG ratio of 2.56 and a beta of 0.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57.

CMS Energy (NYSE:CMS - Get Free Report) last posted its 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%. Analysts forecast 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 issued a $0.5425 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 3.02%. This is a boost from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is 65.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CMS shares. Bank of America raised their price objective on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, March 24th. BMO Capital Markets raised their price target on CMS Energy from $73.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group boosted their target price on CMS Energy from $77.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Guggenheim reiterated a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $75.36.

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.