CMS Energy Co. (NYSE:CMS) Shares Bought by Mather Group LLC.

Mather Group LLC. raised its position in shares of CMS Energy Co. (NYSE:CMS) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,996 shares of the utilities provider’s stock after acquiring an additional 220 shares during the quarter. Mather Group LLC.’s holdings in CMS Energy were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its stake in CMS Energy by 310.2% in the 3rd quarter. Raymond James & Associates now owns 1,125,859 shares of the utilities provider’s stock valued at $79,519,000 after purchasing an additional 851,364 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of 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 buying an additional 719,093 shares during the last quarter. National Bank of Canada FI lifted its stake 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 worth $63,053,000 after buying an additional 715,891 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in 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 acquiring an additional 618,767 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in 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 valued at $39,978,000 after acquiring an additional 479,336 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity at CMS Energy

In related news, Director John G. Russell sold 28,750 shares of CMS Energy stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $65.85, for a total value of $1,893,187.50. Following the completion of the transaction, the director now directly owns 144,059 shares in the company, valued at approximately $9,486,285.15. This trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott B. Mcintosh sold 936 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the transaction, the chief accounting officer now directly owns 24,417 shares of the company’s stock, valued at $1,672,564.50. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,686 shares of company stock worth $2,228,084. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CMS has been the topic of a number of research reports. Scotiabank raised their target price on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Mizuho lowered CMS Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $76.00 to $72.00 in a research note on Tuesday, October 15th. StockNews.com raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on shares of CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

CMS Energy Stock Performance

NYSE:CMS opened at $68.19 on Friday. The stock has a market capitalization of $20.38 billion, a P/E ratio of 19.48, a PEG ratio of 2.39 and a beta of 0.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 1.23. CMS Energy Co. has a fifty-two week low of $55.10 and a fifty-two week high of $72.40. The company has a 50 day moving average price of $66.84 and a 200 day moving average price of $67.79.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. Equities research analysts forecast that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 17th will be paid a $0.5425 dividend. This is a positive change from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 annualized dividend and a dividend yield of 3.18%. CMS Energy’s dividend payout ratio (DPR) is presently 58.86%.

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.