Summit Global Investments Acquires New Holdings in CMS Energy Co. (NYSE:CMS)

Summit Global Investments bought a new position in CMS Energy Co. (NYSE:CMS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 232,648 shares of the utilities provider's stock, valued at approximately $15,506,000. CMS Energy accounts for about 1.0% of Summit Global Investments' holdings, making the stock its 15th biggest holding. Summit Global Investments owned approximately 0.08% of CMS Energy as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smith Group Asset Management LLC purchased a new stake in CMS Energy during the 4th quarter valued at $333,000. Massachusetts Financial Services Co. MA increased its stake in shares of CMS Energy by 10.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock worth $537,503,000 after purchasing an additional 719,093 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of CMS Energy by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock worth $1,342,000 after buying an additional 5,662 shares during the period. Commonwealth Equity Services LLC lifted its holdings in CMS Energy by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 76,560 shares of the utilities provider's stock valued at $5,103,000 after purchasing an additional 392 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CMS Energy by 49.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,808 shares of the utilities provider's stock worth $1,787,000 after buying an additional 8,927 shares during the period. 93.57% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value 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 represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura Wright sold 2,500 shares of CMS Energy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $69.84, for a total transaction of $174,600.00. Following the sale, the director now directly owns 38,790 shares of the company's stock, valued at $2,709,093.60. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,200 shares of company stock worth $789,532 over the last quarter. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CMS shares. Scotiabank increased their price objective on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reissued a "neutral" rating and set a $69.00 price target on shares of CMS Energy in a research note on Friday, February 7th. Bank of America lifted their price objective on CMS Energy from $73.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Barclays upgraded shares of CMS Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.36.

CMS Energy Trading Up 1.7 %

Shares of CMS traded up $1.20 during midday trading on Wednesday, hitting $73.24. The stock had a trading volume of 1,700,503 shares, compared to its average volume of 2,139,050. CMS Energy Co. has a 1 year low of $56.61 and a 1 year 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 stock's 50 day moving average is $70.11 and its 200 day moving average is $69.18. The firm has a market cap of $21.88 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35.

CMS Energy (NYSE:CMS - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.35% and a return on equity of 12.02%. As a group, analysts forecast that CMS Energy Co. will post 3.59 EPS for the current fiscal year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This represents a $2.17 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from CMS Energy's previous quarterly dividend of $0.52. CMS Energy's dividend payout ratio is 65.36%.

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.