Sciencast Management LP Has $1.62 Million Stock Holdings in CMS Energy Co. (NYSE:CMS)

Sciencast Management LP lifted its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,229 shares of the utilities provider's stock after purchasing an additional 3,561 shares during the quarter. Sciencast Management LP's holdings in CMS Energy were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BankPlus Trust Department bought a new position in CMS Energy during the fourth quarter worth about $29,000. First Horizon Advisors Inc. raised its holdings in shares of CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider's stock worth $31,000 after buying an additional 275 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of CMS Energy by 106.8% in the 4th quarter. Richardson Financial Services Inc. now owns 455 shares of the utilities provider's stock worth $30,000 after buying an additional 235 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of CMS Energy during the 3rd quarter worth approximately $40,000. Finally, Larson Financial Group LLC boosted its stake in CMS Energy by 2,900.0% in the 4th quarter. Larson Financial Group LLC now owns 720 shares of the utilities provider's stock valued at $48,000 after buying an additional 696 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

CMS Energy Trading Down 0.2 %

Shares of NYSE CMS traded down $0.15 during midday trading on Thursday, hitting $73.16. The stock had a trading volume of 1,624,363 shares, compared to its average volume of 2,136,757. The firm has a market cap of $21.86 billion, a P/E ratio of 22.04, 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 $75.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.79 and a quick ratio of 0.57. The company's 50-day simple moving average is $70.24 and its 200 day simple moving average is $69.21.

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

CMS Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 17th were paid a dividend of $0.5425 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.97%. This is an increase from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. CMS Energy's payout ratio is 65.36%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CMS shares. Barclays raised CMS Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $75.00 in a report on Thursday, February 20th. UBS Group lifted their price target on shares of CMS Energy from $77.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Tuesday. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the company a "buy" rating in a research note on Monday. Finally, Guggenheim restated 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $75.36.

Insider Activity at CMS Energy

In related news, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the completion of the sale, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott B. Mcintosh sold 6,700 shares of the stock in a transaction dated 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 in the company, valued at $1,509,815.68. The trade was a 23.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,200 shares of company stock worth $789,532 over the last ninety days. Company insiders own 0.40% of the company's stock.

CMS Energy Company 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.