Prudential PLC cut its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 37.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,101 shares of the utilities provider's stock after selling 10,375 shares during the period. Prudential PLC's holdings in CMS Energy were worth $1,140,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in CMS. Pitcairn Co. lifted its holdings 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 worth $353,000 after acquiring an additional 948 shares during the period. ExodusPoint Capital Management LP raised its stake in CMS Energy by 15.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 2,556,267 shares of the utilities provider's stock worth $170,375,000 after purchasing an additional 343,677 shares during the period. Huntington National Bank boosted its holdings in shares of CMS Energy by 7.5% in the 4th quarter. Huntington National Bank now owns 12,519 shares of the utilities provider's stock valued at $834,000 after purchasing an additional 869 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of CMS Energy by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,741,389 shares of the utilities provider's stock valued at $649,264,000 after buying an additional 2,131,269 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of CMS Energy by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,608,680 shares of the utilities provider's stock worth $505,869,000 after buying an additional 98,910 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.
CMS Energy Stock Up 0.3 %
CMS stock traded up $0.21 during trading on Friday, reaching $71.76. The stock had a trading volume of 3,467,120 shares, compared to its average volume of 2,271,739. 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 fifty day moving average price of $71.91 and a 200 day moving average price of $69.49. The company has a market capitalization of $21.44 billion, a P/E ratio of 21.61, a PEG ratio of 2.56 and a beta of 0.34. CMS Energy Co. has a 1-year low of $56.61 and a 1-year high of $76.45.
CMS Energy (NYSE:CMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 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%. On average, equities analysts anticipate that CMS Energy Co. will post 3.59 earnings per share for the current 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 paid a $0.5425 dividend. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Friday, February 14th. This is a positive change from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's payout ratio is 65.36%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on CMS shares. UBS Group lifted their target price on CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets boosted their target price on CMS Energy from $73.00 to $80.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. 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 report on Thursday, February 20th. Bank of America lifted their price target 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. Finally, Guggenheim reissued a "neutral" rating and issued a $69.00 price objective on shares of CMS Energy in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.36.
Check Out Our Latest Stock Report on CMS Energy
Insider Buying and Selling
In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at $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 SEC, which is available through this hyperlink. Also, CAO Scott B. Mcintosh sold 6,700 shares of CMS Energy stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $69.76, for a total transaction 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 trade represents a 23.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,200 shares of company stock worth $789,532. Insiders own 0.40% of the company's stock.
About CMS Energy
(
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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