Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CMS Energy Co. (NYSE:CMS - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,132 shares of the utilities provider's stock after acquiring an additional 6,572 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in CMS Energy were worth $5,207,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Smith Group Asset Management LLC purchased a new stake in CMS Energy during the 4th quarter worth $333,000. Meeder Advisory Services Inc. increased its position in shares of CMS Energy by 10.6% during the third quarter. Meeder Advisory Services Inc. now owns 11,925 shares of the utilities provider's stock worth $842,000 after acquiring an additional 1,147 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of CMS Energy by 992.4% in the third quarter. Mizuho Securities USA LLC now owns 251,525 shares of the utilities provider's stock worth $18,075,000 after acquiring an additional 228,501 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CMS Energy by 10.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,610,120 shares of the utilities provider's stock valued at $537,503,000 after purchasing an additional 719,093 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in CMS Energy by 39.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,133 shares of the utilities provider's stock valued at $1,342,000 after purchasing an additional 5,662 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.
Insider Buying and Selling at CMS Energy
In related 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 completion of the sale, the senior vice president now owns 71,931 shares of the company's stock, valued at $5,306,349.87. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John G. Russell sold 28,750 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $65.85, for a total transaction of $1,893,187.50. Following the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,950 shares of company stock worth $2,682,720. 0.40% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CMS shares. Morgan Stanley reduced their target price on CMS Energy from $69.00 to $67.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Guggenheim reissued a "neutral" rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. Scotiabank upped their target price on shares of CMS Energy from $75.00 to $77.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. StockNews.com upgraded CMS Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Barclays upgraded CMS Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $68.00 to $75.00 in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.
Read Our Latest Stock Analysis on CMS
CMS Energy Stock Performance
Shares of NYSE CMS traded up $0.20 during mid-day trading on Tuesday, hitting $73.46. The company had a trading volume of 1,837,051 shares, compared to its average volume of 2,139,364. CMS Energy Co. has a 12 month low of $56.61 and a 12 month high of $75.06. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.56 and a beta of 0.35. 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 firm's 50 day simple moving average is $69.19 and its two-hundred day simple moving average is $68.97.
CMS Energy (NYSE:CMS - Get Free Report) last posted 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 return on equity of 12.02% and a net margin of 13.35%. As a group, equities research analysts forecast that CMS Energy Co. will post 3.59 earnings per share for the current year.
CMS Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 17th were given a $0.5425 dividend. This is a boost from CMS Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 14th. This represents a $2.17 annualized dividend and a yield of 2.95%. CMS Energy's dividend payout ratio is 65.36%.
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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