Vestcor Inc Acquires 6,003 Shares of CMS Energy Co. (NYSE:CMS)

Vestcor Inc raised its holdings in CMS Energy Co. (NYSE:CMS - Free Report) by 66.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,007 shares of the utilities provider's stock after buying an additional 6,003 shares during the quarter. Vestcor Inc's holdings in CMS Energy were worth $1,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMS. Fisher Funds Management LTD bought a new stake in CMS Energy in the 4th quarter valued at $53,904,000. Massachusetts Financial Services Co. MA increased its holdings in 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 valued at $537,503,000 after buying an additional 719,093 shares during the period. National Bank of Canada FI increased its holdings in CMS Energy by 404.8% in the 3rd quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider's stock valued at $63,053,000 after buying an additional 715,891 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of CMS Energy by 760.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 700,135 shares of the utilities provider's stock worth $46,664,000 after purchasing an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of CMS Energy by 552.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 566,025 shares of the utilities provider's stock worth $39,978,000 after purchasing an additional 479,336 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

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Analyst Upgrades and Downgrades

CMS has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of CMS Energy from $69.00 to $67.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Barclays raised shares of CMS Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $75.00 in a report on Thursday, February 20th. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Scotiabank upped their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $69.00 target price on shares of CMS Energy in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.00.

CMS Energy Trading Up 0.4 %

CMS Energy stock traded up $0.27 during trading hours on Wednesday, reaching $73.77. 2,270,121 shares of the company's stock traded hands, compared to its average volume of 2,279,254. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.57 and a current ratio of 0.79. CMS Energy Co. has a fifty-two week low of $56.61 and a fifty-two week high of $75.06. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.56 and a beta of 0.35. The firm's 50 day moving average is $69.35 and its 200-day moving average is $69.01.

CMS Energy (NYSE:CMS - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.01. CMS Energy had a net margin of 13.35% and a return on equity of 12.02%. On average, analysts predict that CMS Energy Co. will post 3.59 earnings per share for the current year.

CMS Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a dividend of $0.5425 per share. The ex-dividend date was Friday, February 14th. This is an increase from CMS Energy's previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 2.94%. CMS Energy's dividend payout ratio is presently 65.36%.

Insider Buying and Selling at CMS Energy

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $73.77, for a total value of $147,540.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura Wright sold 2,500 shares of the 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 completion of the sale, the director now owns 38,790 shares in the company, valued at $2,709,093.60. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,950 shares of company stock worth $2,682,720. Company insiders own 0.40% of the company's stock.

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.