Wilmington Savings Fund Society FSB Raises Stake in CMS Energy Co. (NYSE:CMS)

Wilmington Savings Fund Society FSB increased its stake in CMS Energy Co. (NYSE:CMS) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,810 shares of the utilities provider’s stock after buying an additional 464 shares during the period. Wilmington Savings Fund Society FSB’s holdings in CMS Energy were worth $587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake 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 worth $537,503,000 after acquiring an additional 719,093 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of CMS Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 7,509,770 shares of the utilities provider’s stock valued at $528,713,000 after purchasing an additional 105,062 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in CMS Energy by 0.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,842 shares of the utilities provider’s stock worth $152,267,000 after purchasing an additional 18,403 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in CMS Energy by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,822,389 shares of the utilities provider’s stock valued at $128,715,000 after purchasing an additional 25,196 shares in the last quarter. Finally, Brookfield Corp ON raised its position in CMS Energy by 0.6% during the 3rd quarter. Brookfield Corp ON now owns 1,199,811 shares of the utilities provider’s stock valued at $84,743,000 after purchasing an additional 7,142 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CMS shares. StockNews.com upgraded CMS Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. BMO Capital Markets cut their target price on shares of CMS Energy from $77.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Scotiabank upped their price target on shares of CMS Energy from $75.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim reissued a “neutral” rating and set a $69.00 price objective on shares of CMS Energy in a report on Friday. Finally, Jefferies Financial Group assumed coverage on shares of CMS Energy in a research note on Tuesday, November 5th. They issued a “buy” rating and a $76.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.15.

Insiders Place Their Bets

In related news, CAO Scott B. Mcintosh sold 936 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John G. Russell sold 28,750 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was 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 of the company’s stock, valued at $9,486,285.15. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,686 shares of company stock valued at $2,228,084. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

Shares of CMS stock opened at $69.14 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.94. The company has a market cap of $20.66 billion, a PE ratio of 20.83, a PEG ratio of 2.48 and a beta of 0.42. CMS Energy Co. has a 12-month low of $55.10 and a 12-month high of $72.40. The business’s fifty day simple moving average is $66.77 and its 200-day simple moving average is $67.93.

CMS Energy (NYSE:CMS) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.87 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%. Analysts expect that CMS Energy Co. will post 3.59 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 17th will be paid a $0.5425 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from CMS Energy’s previous quarterly dividend of $0.52. This represents a $2.17 dividend on an annualized basis and a yield of 3.14%. CMS Energy’s dividend payout ratio (DPR) is 62.05%.

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.