CMS Energy Co. (NYSE:CMS) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its holdings in shares of CMS Energy Co. (NYSE:CMS) by 19.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,793 shares of the utilities provider’s stock after acquiring an additional 5,266 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CMS Energy were worth $2,119,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Fisher Funds Management LTD purchased a new position in CMS Energy during the fourth quarter worth approximately $53,904,000. Prudential Financial Inc. grew its stake in CMS Energy by 207.9% in the 4th quarter. Prudential Financial Inc. now owns 1,115,524 shares of the utilities provider’s stock valued at $74,350,000 after acquiring an additional 753,182 shares during the period. National Bank of Canada FI grew its position in shares of CMS Energy by 404.8% in the third quarter. National Bank of Canada FI now owns 892,734 shares of the utilities provider’s stock valued at $63,053,000 after purchasing an additional 715,891 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of CMS Energy by 760.5% during the fourth 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 in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of CMS Energy by 552.9% during 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. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Scott B. Mcintosh sold 6,700 shares of the business’s 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 sale, the chief accounting officer now directly owns 21,643 shares in the company, valued at approximately $1,509,815.68. The trade was a 23.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura Wright sold 2,500 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $69.84, for a total transaction of $174,600.00. Following the transaction, the director now directly owns 38,790 shares of the company’s stock, valued at approximately $2,709,093.60. This trade 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 valued at $789,532 in the last quarter. Insiders own 0.40% of the company’s stock.

CMS Energy Trading Up 1.4 %

Shares of CMS opened at $74.18 on Friday. CMS Energy Co. has a 12-month low of $56.61 and a 12-month high of $75.06. The firm has a market capitalization of $22.16 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.56 and a beta of 0.35. The firm has a 50-day moving average price of $70.47 and a 200 day moving average price of $69.27. The company has a current ratio of 0.79, a quick ratio of 0.57 and a debt-to-equity ratio of 1.80.

CMS Energy (NYSE:CMS) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that CMS Energy Co. will post 3.59 EPS 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 $0.5425 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.17 dividend on an annualized basis and a yield of 2.93%. This is an increase from CMS Energy’s previous quarterly dividend of $0.52. CMS Energy’s payout ratio is currently 65.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CMS shares. Guggenheim reiterated a “neutral” rating and issued a $69.00 price objective on shares of CMS Energy in a report on Friday, February 7th. BMO Capital Markets lifted their price target on CMS Energy from $73.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. Scotiabank increased their price objective on CMS Energy from $75.00 to $77.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Bank of America lifted their target price on shares of CMS Energy from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, UBS Group increased their target price on shares of CMS Energy from $77.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.36.

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.