CMS Energy Co. (NYSE:CMS) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 552.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 566,025 shares of the utilities provider's stock after buying an additional 479,336 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.19% of CMS Energy worth $39,978,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in CMS Energy by 101.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,891,027 shares of the utilities provider's stock worth $410,223,000 after purchasing an additional 3,473,977 shares during the last quarter. Raymond James & Associates grew its holdings in CMS Energy by 310.2% in the third quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider's stock worth $79,519,000 after purchasing an additional 851,364 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in CMS Energy by 105.9% in the second quarter. iA Global Asset Management Inc. now owns 1,555,898 shares of the utilities provider's stock worth $92,623,000 after purchasing an additional 800,344 shares during the last quarter. Railway Pension Investments Ltd purchased a new position in CMS Energy in the second quarter worth $47,082,000. Finally, Renaissance Technologies LLC grew its holdings in CMS Energy by 155.2% in the second quarter. Renaissance Technologies LLC now owns 767,100 shares of the utilities provider's stock worth $45,665,000 after purchasing an additional 466,500 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $68.17, for a total transaction of $136,340.00. Following the transaction, the senior vice president now owns 64,771 shares of the company's stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Scott B. Mcintosh sold 936 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total transaction of $64,116.00. Following the completion of the sale, the chief accounting officer now directly owns 24,417 shares of the company's stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

CMS Energy Price Performance

CMS Energy stock traded down $0.78 during midday trading on Friday, reaching $69.71. The company had a trading volume of 1,354,050 shares, compared to its average volume of 2,267,218. The company has a market capitalization of $20.83 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.81 and a beta of 0.41. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The firm's fifty day simple moving average is $69.74 and its 200-day simple moving average is $65.73. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.23 and a quick ratio of 0.83.

CMS Energy (NYSE:CMS - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. As a group, equities analysts anticipate that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. The ex-dividend date was Wednesday, November 13th. CMS Energy's payout ratio is 58.86%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMS shares. Barclays lifted their price target on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. KeyCorp lifted their price target on shares of CMS Energy from $73.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Wells Fargo & Company boosted their price objective on shares of CMS Energy from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Scotiabank boosted their price objective on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Finally, Mizuho lowered shares of CMS Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.21.

About CMS Energy

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.